1 can sweetened condensed milk
1/2 c. butter
1 pkg. caramels
1 pkg. large marshmallows
2 c. Rice Krispies

Combine and melt in double boiler milk, butter and caramels. Individually dip each marshmallow in mixture with toothpick and roll in Rice Krispies. Toothpick may be left in. Cool on wax paper.