BEAT first 11 ingredients (all except water and pecans) at low speed with an electric mixer until blended, about 3 minutes.
ADD water, BEATING until blended; STIR in pecans.
POUR batter into 2 greased and floured 9 x 5-inch loafpans.
BAKE at 350 F until a toothpick inserted in center comes out clean, about 1 hour and 15 minutes.
COOL on wire rack 10 minutes; REMOVE from pans; COOL completely on wire rack.
Per Serving (excluding unknown items): 470 Calories; 21g Fat (39.2% calories from fat); 6g Protein; 67g Carbohydrate; 2g Dietary Fiber; 53mg Cholesterol; 444mg Sodium. Exchanges: 2 Grain(Starch); 0 Lean Meat; 4 Fat; 2 1/2 Other Carbohydrates.