Directions:

For cake:

Preheat oven to 350 F.

Beat together butter and sugar. Add eggs, 1 at a time, beating well after each addition. Add vanilla wafers and milk. Mix until well
blended. Add coconut and pecans and mix well.

Thoroughly spray a bundt pan with nonstick cooking spray. Dust lightly with flour. Pour batter into pan; bake for 2 hours.

Cool in pan on rack for 10 minutes. Run a sharp knife around edge of pan. Invert pan to release cake and cool completely on rack.

For frosting:

Combine all ingredients in mixing bowl. Beat at low speed until well blended. Scrape bowl. Beat at high speed for 2 minutes or until smooth and creamy.