1 (14 oz.) can sweetened condensed milk
44 light caramels (1 bag)
1 c. butter
1 lb. bag marshmallows
1 (10 oz.) box Rice Krispies

Melt caramels with milk and butter in double boiler over medium heat. Remove pan from stove. Dip marshmallows in caramel mixture with tongs. Roll in Rice Krispies. You can freeze. They thaw out quickly. Makes about 70 balls.