In mixing bowl, BEAT shortening while ADDING sugar; ADD eggs one at a time, BEATING well.
COMBINE flour and salt; ADD portions of flour/salt mixture alternatively with milk, MIXING until just blended after each addition; STIR in coconut and walnuts.
SCOOP mixture into a greased/floured tube pan.
BAKE in a 325 F oven for 1 hour and 25 minutes.
Allow to COOL for 15 minutes before removing from pan.
Per Serving (excluding unknown items): 781 Calories; 48g Fat (54.4% calories from fat); 9g Protein; 82g Carbohydrate; 3g Dietary Fiber; 91mg Cholesterol; 195mg Sodium. Exchanges: 0 Grain(Starch); 1/2 Lean Meat; 1 1/2 Fruit; 0 Non-Fat Milk; 9 Fat; 4 Other Carbohydrates.