I got this recipe from a Pillsbury Bake-Off back in the mid 1980s. This is why I use brand names. Normally I do not but when I use a company's recipe I feel it is important to use their brand names.
1/2 cup Kraft apple jelly
1/4 cup chopped walnuts or pecans
1/2 cup firmly packed brown sugar
1/2 tsp cinnamon
1 large apple, peeled
2 cans (10-oz each) Hungry Jack Refrigerated Flaky Biscuits
1/4 cup Parkay margarine or butter, melted
Preheat oven to 350 degrees.
Grease a 12-cup fluted pan tube pan. Spoon the jelly evenly over the bottom of the prepared pan; sprinkle with nuts.
In a small bowl, combine the brown sugar and cinnamon; set aside.
Cut the apple into quarters; remove core. Slice each quarter into 5 slices.
Separate dough into 20 biscuits; press each to flatten slightly. Wrap one biscuit around each apple slice. Pinch the biscuit edges to seal around the apple slice. Dip each into the melted butter; roll in the brown sugar/cinnamon mixture. Stand the biscuits on end around the prepared pan. Drizzle with any remaining margarine; sprinkle with any remaining brown sugar mixture.
Bake at 350 degrees 30-40 minutes or until golden brown. Cool upright in the pan for 8 minutes then invert onto a serving plate. Spoon any topping in the pan over the ring. Serve warm.