1 can fruit cocktail
2 eggs
1-1/2 cup sugar
2 cups flour
2 teaspoons baking soda
2 teaspoons baking powder
1 teaspoon salt
For the Coconut Icing
1 cup sugar
1 cup coconut
1/2 cup margarine
1 14-ounce can evaporated milk (can substitute 2% milk)
1 teaspoon vanilla
Preheat oven to 350 degrees. Mix all ingredients for cake, including juice from fruit cocktail. Pour into a greased and floured 13 x 9 cake pan. Bake for 45 minutes to 1 hour. Remove cake from oven and, using a fork, poke holes all over cake.
Mix all ingredients for icing and bring to a boil. Remove from heat. Pour hot frosting over cake while cake is still warm.