PREHEAT oven to 350°F. Place all ingredients in large bowl. Beat with electric mixer on low speed just until moistened. Beat on medium speed 4 minutes or until well blended.
POUR into greased and floured 10-inch tube or fluted tube pan.
BAKE 45 to 50 minutes or until toothpick inserted near center comes out clean. Cool 15 minutes; loosen cake from side of pan with spatula or knife. Gently remove cake from pan; cool completely on wire rack.