Preheat oven to 375°F. Spray both pans in set with vegetable pan spray.
Prepare bread mix with water, oil and eggs following package instructions. Divide evenly between prepared pans; bake 20-25 minutes or until toothpick inserted into cake comes out with just a few crumbs attached. Cool in pans on wire rack 10 minutes; remove from pans and cool completely.
In small bowl, combine ice cream and strawberries; spoon into cooled cake cavities. Assemble cake by inverting one layer onto second layer. Spatula ice with whipped cream. Drizzle with ice cream topping; sprinkle nuts over top. Freeze at least 4 hours. Remove from freezer 10 minutes before serving. Garnish with additional whipped cream and cherries.