1 pkg. Kraft caramels
1 can sweetened condensed milk
1 stick butter
Lg. marshmallows
Rice Krispies cereal

Melt the caramels with the milk and butter. Put one large marshmallow on a toothpick, dip into caramel mixture, then into crushed cereal. Set covered marshmallows on wax paper and cool. Store treats in a wax lined cake pan or box and freeze to keep fresh. Take out a few minutes before ready to serve.