1 1/2 cubes butter
1 can Eagle Brand sweetened condensed milk
1 lb. Kraft caramels
1 bag lg. marshmallows
Rice Krispies cereal

Melt the butter with the sweetened condensed milk and the caramels. Dip a large marshmallow in the caramel mixture, letting excess drip off. Roll in Rice Krispies cereal to coat. Repeat with bag of marshmallows. Let stand approximately 10 minutes to set.