Mix flour, oil, baking powder, sugar, and eggs together well. Add cinnamon, salt, and nutmeg. Stir thoroughly. Add apples and nuts.

Place in a greased 13 inch pan. Bake 45 to 60 minutes in a 350 ° oven or until brown. Serve with ice cream or rum sauce.

For the icing cream together butter, cream cheese, and vanilla. Beat in 1 pound sifted confectioners' sugar. Spread on top of cooled cake. Enjoy!!