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Generously grease and flour a 10-inch bundt cake pan.
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In a large mixer bowl, combine dry cake mix, water, eggs, and vanilla.
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Blend until moistened.
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Beat as directed on package.
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Measure 1 cup batter into a small mixing bowl.
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Add the caramel topping, nuts and flour; mix well.
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Pour half the yellow cakebatter into prepared pan; pour caramel mixture over batter in pan.
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Cover with remaining batter; swirl lightly.
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Bake at 350F for 40 to 50 minutes until toothpick inserted in center comes out clean; cool upright in pan 15 minutes.
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Remove from pan.
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Cool completely.