PLACE rack in lower half of oven. Preheat oven to 350°F. Combine flour, baking soda, cinnamon and baking powder.

BEAT sugar and shortening in large bowl, until fluffy. Add eggs, pumpkin and water; mix well. Stir in flour mixture, mincemeat and nuts.

TURN into two greased 9x5-inch loaf pans. Bake 55-60 minutes or until toothpick inserted near center comes out clean. Cool 10 minutes. Remove from pans. Cool completely. Store leftovers covered at room temperature.