Make It
Step 1
Preheat oven to 350° F.
Step 2
Heat sugar in small, heavy-duty saucepan over medium-low heat, stirring constantly, for 6 to 8 minutes or until dissolved and caramel-colored.
Step 3
Pour onto bottom of 9-inch-round cake pan; quickly swirl around bottom to coat.
Step 4
Place evaporated milk, sweetened condensed milk, walnuts, eggs and vanilla extract in blender; cover. Blend for 5 seconds. Pour into prepared pan. Cover pan lightly with foil.
Step 5
Place covered pan in large roasting pan; fill roasting pan with warm water to about 1-inch depth.
Step 6
Bake for 50 to 55 minutes or until knife inserted near center comes out clean. Remove flan from water. Cool on wire rack. Refrigerate for 4 hours or overnight.
Step 7
To serve, run small spatula around edge of pan. Invert serving plate over pan. Turn over; shake gently to release. Sprinkle with chopped walnuts, if desired.