1 can sweetened condensed milk
1 stick butter
1 (1 lb.) bag Kraft caramels
Lg. marshmallows
Rice Krispies

Melt together milk, butter and caramels in a double boiler. Don't boil water in bottom pan. Stir until well mixed. Dip 1 large marshmallow in this mixture; then roll in Rice Krispies. Repeat, makes 40 balls. If mixture gets too thick at bottom, thin with cream. Can use coconut or crushed walnuts in place of Rice Krispies.