Combine first 5 ingredients in medium heavy saucepan. Bring slowly to a boil, stirring, until sugar dissolves. Boil, without stirring, covered closely for about 3 minutes so steam can dissolve sugar crystals on pan sides.

Uncover and boil on medium heat to 236°F on candy thermometer or until a little of the mixture dropped into cold water forms a soft ball. Remove from heat and let stand for 15 minutes. Do not stir!

Add flavoring; beat until mixture starts to lose its gloss (about 8 minutes). Stir in the candied cherries and walnuts and quickly pour into a greased shallow pan. Cool and cut into squares.

Cooks Note: Use of a candy thermometer is recommended.

Makes about 1 1/2 pounds of fudge.

Submitted by: Emma Clark