HEAT 1-inch of oil in large saucepan over medium-high heat to 330°F. Reduce heat to maintain oil temperature between 330-340°F.
COMBINE pancake mix, sour cream and water in small bowl.
Drop 4 or 5 small scoops (about 1 teaspoon) of batter into hot oil. Cook 1 minute, turning several times, or until poppers are golden brown. Remove with slotted spoon. Drain on tray lined with paper towels. Repeat with remaining batter.