1 (15 oz.) can condensed milk
1 c. sugar
8 tbsp. butter

Combine ingredients, cook over slow fire or in double boiler, stir constantly, scrape sides often to prevent burning. Test a drop or 2 in a cup of water for firmness. Remove from heat. Place pot in cold water container and beat icing until cool and firm but still spreadable. Put between layers and all around top and sides of cake. Add whole shelled pecans on top and-or cherries.