- 1 (14 ounce) can sweetened condensed milk
- 1/2 cup butter
- 1 package caramels, unwrapped
- 1 package large marshmallows
- 2 cups Rice Krispies
- Combine milk, butter and caramels in double boiler over simmering water until melted.
- Individually dip each marshmallow in mixture with a wooden pick, then roll in Rice Krispies.
- Cool on wax paper.