Preheat oven to 350F

In a large bowl, beat together eggs, oil, white sugar and 2 teaspoons vanilla.

Mix in flour, baking soda, baking powder, salt and cinnamon.

Stir in carrots.

Pour half into a greased 10-12 cup bundt pan.

In a medium bowl mix together the cream cheese, 2 eggs and ? cups of sugar until all combined.

Spoon or pipe into a ring in the pan.

Cover with the remaining batter.

.Bake in the preheated oven for 40 to 50 minutes, or until a toothpick inserted into the center of the cake comes out clean.

Let cool in pan for 10 minutes, then turn out onto a wire rack and cool completely.

In a small pan mix together the glaze ingredients adding the water little by little until desired thickness.

Drizzle on the top of the cake and top with walnuts.

Serve!