Popcorn Cake

This is a wonderful cake for children's birthday parties.

1/2 cup vegetable oil
1/2 cup (1 stick) butter
1 pound large marshmallows
1 (12 ounce) can mixed nuts
5 quarts popped corn
1 small package spiced gumdrops

Melt marshmallows in butter and oil slowly. Add remaining ingredients and mix well. Pack firmly into a buttered angel food or Bundt pan. Let cool and remove.