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Preheat oven to 350°
Spray two 8-1/2" x 4-1/2"-loaf pans with non-stick cooking spray or grease and lightly flour.
1. In a large bowl, combine the sugar and oil.
2. Add the eggs and beat well.
3. In a separate bowl, combine the flour, soda, salt, cinnamon and nutmeg.
4. Add the dry mixture and water alternately to the sugar mixture, mixing just until combined.
5. Stir in the pumpkin and nuts.
6. Bake for 55–65 minutes, or until a tester inserted in the center of each loaf comes out clean.
7. Cool for ten minutes, then turn out of the pans and cool thoroughly on a metal rack.
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