1 (12 oz.) pkg. butterscotch morsels
1/3 c. butter
2 c. graham cracker crumbs
1 c. finely chopped walnuts
1 (8 oz.) pkg. cream cheese, softened
1 (14 oz.) can sweetened condensed milk
1 egg
1 tsp. vanilla

Preheat oven to 350 degrees. Grease a 9 x 13 inch baking pan; set aside.

In a medium saucepan, melt morsels and butter over low heat, stirring often. Stir in crumbs and nuts. Press half of mixture firmly onto bottom of prepared pan.

In large mixing bowl, with mixer, beat cream cheese until fluffy. Beat condensed milk, egg and vanilla until smooth. Pour over crumb mixture in pan. Sprinkle remaining crumb mixture on top. Bake 25 to 30 minutes or until done. Cool and cut into squares.