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1 can (14 oz) sweetened condensed milk
1/2 cup butter
1 bag (14 oz) caramels
1 bag (16 oz) marshmallows
1 box (10 oz) crisp rice cereal

In the top of a double boiler, combine milk, butter & caramels. Heat over boiling water, stirring until smooth. Remove from the heat

With a fork, dip marshmallows into hot mixture, then roll in cereal.

Place on a foil-lined pan. Chill for 30 minutes

Remove from pan and store in airtight container in refrigerator
 
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