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Oven 350ºF.
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Grease and flour two 8x1-1/2-inch or 9x1-1/2-inch round cake pans; set aside.
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CAKE BATTER:.
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In a medium mixing bowl beat together the 1/2 cup sugar and shortening with an electric mixer on medium speed until fluffy.
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Add egg yolks, one at a time, beating 1 minute after each addition.
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Add vanilla.
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Stir together flour, baking powder, and salt.
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Alternately add flour mixture and milk to egg mixture, beating on low speed after each addition until combined. Spread evenly into prepared pans; set aside.
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MERINGUE:.
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In a large mixing bowl beat egg whites and cream of tartar until soft peaks form (tips curl).
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Gradually add the 1 cup sugar, beating until stiff peaks form (tips stand straight).
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By hand, fold in walnuts.
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Spread meringue evenly over batter in pans. Bake for 30 to 35 minutes or until a toothpick inserted in center comes out clean.
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Cool 10 minutes.
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Carefully loosen cakes from pans; invert pans to remove cakes.
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Cool cakes completely, meringue side up, on wire racks.
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CHOCOLATE WHIP:
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In medium mixing bowl combine the 3/4 cup sugar and cocoa powder.
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Gradually stir in whipping cream.
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Beat just until soft peaks form.
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ASSEMBLY:.
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Place a cake layer on a serving plate. Spread half of the chocolate whip over layer.
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Top with second cake layer; spread top with remaining chocolate whip.
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Cover loosely.
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Chill 30 minutes or up to 6 hours.