3/4 c. sugar
4 eggs
1 3/4 c. water
1 (14 oz.) can Eagle Brand sweetened condensed milk (not evaporated)
1/2 tsp. vanilla extract
1/8 tsp. salt

Preheat oven to 350 degrees. In heavy skillet, over medium heat, cook sugar, stirring constantly until melted and caramel colored.

Pour into 9" round layer cake pan, tilting to coat bottom completely. In medium mixing bowl, beat eggs; stir in water, sweetened condensed milk, vanilla and salt. Pour into caramelized pan; set in large pan (a broiler pan). Fill pan with 1" hot water. Bake 55 to 60 minutes or until knife inserted near center comes out clean. Cool and chill thoroughly. Loosen sides off the flan (custard) with knife. Invert onto serving plate with rim. Garnish as desired. Refrigerate leftovers.