Vanilla Wafer Cake

1 stick margarine
1 1/2 cup sugar
1/2 cup milk
1 (12oz) box of vanilla wafers, crushed
6 eggs
1 (7 oz) package Angel Flake Coconut
2 tsp. vanilla
1 cup chopped nuts

Cream butter & sugar. Add vanilla, eggs (one at a time) blending well after each one. Add milk alternately with wafer crumbs. Stir in coconut and nuts. Pour into greased floured pan and bake 1 hour at 325 degrees.

Frosting
1 (8oz) cream cheese, room temp.
1 stick butter
1 1/2 tsp. vanilla
1 box confectioner's sugar

Blend & spread over cooled cake.