1 pkg. Kraft caramels
1 can Eagle Brand sweetened condensed milk
1 stick butter
5-6 apples

Unwrap caramels and put into a medium size bowl. Heat in microwave until caramels are about half way melted. Take out and add butter and condensed milk. Heat in microwave until melted, stirring frequently. Cut up apples and dip. Caramel dip refrigerates well, just heat in microwave to use again. You can also pour over ice cream.