Preheat oven to 375F.
Blend cream cheese, butter, vanilla, powdered sugar and chopped nuts together.
Sift dry ingredients and add salad oil. Mix well. Add eggs one at a time, beating well after each one. Add carrots. Bake in 3 greased and floured round cake pans. Bake at 350F for 40-45 minutes. Let cool before frosting. Better if made 2 days prior to use.
Cajun Country -- New Iberia, Louisiana