1/2 c. boiling water
1/2 c. sugar
1/4 c. butter
1 1/2 c. powdered milk

In blender, mix boiling water and butter. With blender motor running, add the sugar and powdered milk. Blend until smooth. Cool in refrigerator at least 2 hours before using. (When you use it in a recipe, mix only a little at a time, as it is very thick when cold.) This is equal to 1 can Eagle Brand sweetened condensed milk.