1 (12 oz.) pkg. butterscotch morsels
1/3 c. butter
2 c. graham cracker crumbs
1 c. chopped nuts
1 (8 oz.) pkg. cream cheese, soft
1 (14 oz.) can Eagle Brand sweetened condensed milk
1 tsp. vanilla
1 egg

In medium saucepan, melt butterscotch and butter. Stir in crumbs and nuts. Press half the mixture firmly into bottom of greased 9 x 13 inch pan. In large bowl, beat cream cheese until fluffy. Beat in Eagle Brand, vanilla, and egg. Mix well. Pour into prepared pan; top with remaining crumb mixture. Bake 25 minutes or until toothpick inserted near center comes out clean. Cool before cutting. Bake at 325 degrees. Refrigerate.