- 1 cup butter or margarine
- 1 pound light caramels
- 1 can sweetened condensed milk
- 1 package large marshmallows (frozen)
- 1 small box Rice Krispies
- Melt butter, caramel and milk together.
- Dip marshmallows into caramel, coating well.
- Roll in Rice Krispies.
- Chill until set.
Makes approximately 40 marshmallows.
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