Old Fashioned Fruit Cocktail Cake

2 c. SR flour

15 oz. fruit cocktail, undrained

2 eggs

1 t. vanilla

1 1/2 c. sugar

Sauce: 

1/2 c. butter

1 1/2 c. coconut

1 c. sugar

1 t. vanilla

1 c. evaporated milk

1 c. chopped pecans

Preheat oven to 350. Spray 9x13 dish. Combine first 5 ingredients on low until blended. Scrape down sides and beat again on low for 1 minute more. Pour in dish. Bake 45 minutes or until toothpick comes out clean. While cake is baking, combine all sauce ingredients in saucepan. Place over medium heat and bring to a boil, stirring constantly. Once mixture is boiling, continue stirring and boil for 1-2 minutes. Pour over hot cake and quickly spread with spatula for even coverage.