1. In small bowl combine crumbs and sugar. Add margarine or butter. Toss until combined. Press onto bottom of 13 x 9 x 2-inch baking pan.
2. Evenly drizzle sweetened condensed milk over crumbs. Refrigerate for 10 minutes. Spoon preserves over top.
3. Sprinkle with coconut and nuts. Bake at 350°F for 25 to 30 minutes or until light brown.
4. Cool completely. Cut into bars. Store, loosely covered, at room temperature.