1. Preheat oven to 350°F.
2. Take a 10-inch tube pan and coat with grease and flour.
3. Prepare, bake and cool cake following package directions for no-cholesterol.
4. On top of cake arrange apricots.
5. Heat apricot preserves until warm.
6. Pour over apricot slices and cake.
7. Refrigerate until ready to serve.