1 1/2 c. dry milk
1/2 c. water
2/3 c. sugar
1 tsp. vanilla

In a 4 cup microwave safe bowl, combine dry milk and water. Add sugar and vanilla and mix well. Microwave on High for 30 seconds to 1 1/2 minutes, stirring 2 or 3 times as it heats. Mixture should be thoroughly heated but not boiling. This equals a 14 ounce can of sweetened condensed milk.