Heat oven to temperature called for on cake-mix package. Place dry cake mix in bowl and add 1/2 cup malted-milk powder. Proceed according to package directions. Use two greased and floured 9-inch round cake pans. Bake and cool according to package directions. Stir remaining 1/4 cup of malted-milk powder into frosting.
Approximate values per serving: 217 calories, 7 g fat, 8 mg cholesterol, 37 g carbohydrates, 55 mg sodium, 29% calories from fat.