Blend all ingredients and beat 2 minutes at medium speed. Put batter in greased and floured 10-inch tube pan.
Bake at 350˚ for 50 - 60 minutes until center springs back at light touch.
Cool right side up for about 25 minutes. Remove from pan.
Glaze
Stir over low heat 2 tbsp. cocoa, 1 tbsp. plus 2 tsp. water, 1 tbs. Crisco oil, 1 tbsp. corn syrup until smooth. Remove from heat, beat in 1 cup confectioners' sugar. Drizzle over cake.