1 pkg. Kraft caramels
1 stick butter
1 can sweetened condensed milk (Borden's Eagle Brand)
2 c. (approx.) chopped nuts (peanuts)

Mix caramels, butter and milk together in glass bowl or crock pot. Microwave on high 3-5 minutes or until smooth. Stop to stir frequently. Slice and core 8-10 apples. Dip apples in caramel sauce then dip in nuts.