Thoroughly drain 1 1/2 cups of the fruit cocktail on paper towels. Add milk to biscuit mix; stir well till smooth. Cover; let rest 10 minutes. Roll out on floured board into rectangle about 8 x 16-inch; place on cookie sheet. Mix softened butter and lemon rind; spread on dough. Place drained fruit evenly over surface. Sprinkle with sugar, nuts, cinnamon. Roll lengthwise like jelly roll. Pinch edge to seal; join ends to form ring.Slash with scissors at 1 1/2-inch intervals to within 1 inch of center. Turn slices to overlap. Bake in moderately hot oven (400 degrees F.) 25-30 minutes. Glaze while hot with powdered sugar moistened with syrup from fruit cocktail. Serve hot with remaining Del Monte Fruit Cocktail. Serves 6.