Sift together dry ingredients into mixing bowl; add shortening, pumpkin and water. Beat 2 minutes on medium speed of electric mixer or until ingredients are all well mixed. Add egg, beat 2 minutes longer. Stir in raisins and nuts.
Pour into a 1½-qt. ring or Turk’s head mold that has been well-greased and lightly dusted with fine, dry bread crumbs. Bake in moderat