Blond Brownies

1 stick margarine
1 egg
1/3 c. granulated sugar
1/2 c. chopped nuts
1/3 c. brown sugar
1 tsp. vanilla extract
2 Tbsp. water
1/2 c. coconut
1 c. flour
1 1/4 tsp. baking powder
1 (6 oz) pkg. chocolate chips

Melt margarine in saucepan. Remove from heat. Add sugars, water, flour and baking powder. Add egg and vanilla; beat well. Add nuts, chips and coconut. Stir lightly to combine. Place in greased 9-inch by 9-inch baking pan. Bake at 350° for 30 minutes. Do not overbake. Cool in pan. Cut into squares to serve.