Preheat oven to 350º.  Grease and flour three 1 pound size coffee cans or three 9x5 inch loaf pans.

In a large bowl, combine sugar, pumpkin, oil, water and eggs.  Beat until smooth.  Blend in flour, cinnamon, nutmeg, baking soda and salt.  Fold in chocolate chips and nuts.

Fill cans ½ to ¾ full.

Bake for 1 hour, or until an inserted knife comes out clean.  Cool on wire racks before removing from cans or pans.

** This recipe is moist and freezes well.  Bake them in coffee cans and wrap in colored cellophane. Make wonderful holiday gifts.