6 oz. chocolate chips
1 can Eagle Brand sweetened condensed milk
1/4 c. powdered sugar
1 tbsp. butter
1 tsp. vanilla
1/2 c. chopped nuts

Melt chocolate chips in pan or medium heat. Add Eagle brand and powdered sugar. Bring to a boil, stirring constantly. Take off burner, add butter, vanilla and nuts. Blend well. Let cool some before frosting cake.