1 (14 oz.) bag Kraft caramels
1 (12 oz.) pkg. semi-sweet chocolate chips
1 (12 oz.) can evaporated milk
1 c. butter

Microwave in 2-quart bowl on high 10 to 12 minutes or until caramels are almost completely melted, stirring every 2 minutes. Beat with electric mixer until smooth; cool. Makes 4 cups. May be refrigerated for 3 weeks.