Heat oven to 350. Grease a bundt pan. Spoon apple jelly over bottom of pan and sprinkle with nuts. In a small bowl combine brown sugar and cinnamon. Set aside. Seperate biscuts into 20 pieces, and flatten slightly. Wrap biscut around apple slice, pinch edges, roll in butter, roll in cinnamon and sugar. stand biscuts on end around prepared pan. Drizzle with any remaining butter and cinnamon mixture. Bake for 30-40 minutes or until golden brown. Cool in pan 8 minutes, invert on serving plate. Spoon any additional topping over baked ring. Serve waram.
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