1 pkg. lg. marshmallows
1 pkg. Kraft caramels
1 can sweetened condensed milk
1/2 c. (1 stick) butter
Rice Krispies

Dissolve in double boiler the caramels, milk and butter until melted. Dip marshmallows into caramel mixture and roll in Rice Krispies until coated. Place on waxed paper until set.

These are favorites at Christmas, but are good any time. They freeze well!