Preheat oven to 350°F.
Grease and lightly flour 12-cup Bundt pan or 10-inch tube pan.
Beat butter in large bowl with electric mixer at medium speed until creamy.
Beat in brown sugar until light and fluffy.
Beat in eggs and vanilla until well blended.
In medium bowl, combine flour, baking soda, cinnamon, nutmeg, ginger and salt.
Add flour mixture to butter mixture at low speed, alternately with applesauce and milk, beginning and ending with flour mixture.
Beat well after each addition.
Stir in walnuts and butterscotch chips.
Spoon into prepared pan.
Bake 45 to 50 minutes until wooden toothpick inserted in center comes out clean.
Cool in pan 15 minutes.
Remove from pan to wire rack; cool completely.
Spoon Apple Glaze over top of cake.
Store tightly covered at room temperature.