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1 cup semi-sweet chocolate morsels (6 ozs)
4 squares (1 oz) semi-sweet chocolate
2 tblsp butter or margarine
1 can (14 oz) eagle brand sweetened condensed milk
2 tblsp water
1 tsp vanilla

In a heavy saucepan, over medium heat, melt chips and margarine with sweetened condensed milk and water. Cook and stir constantly until thickened, about 5 minutes. Add vanilla. Serve warm over ice cream or as a fruit dipping sauce. Refrigerate leftovers.

Reheating Sauce:

In a small heavy saucepan, combine desired amount of sauce with a small amount of water. Over LOW heat, stir constantly combine all ingredients. Cook on (HIGH) 3 to 3- 1/2 minutes, stirring after each minute. Proceed as above. (Makes about 2 cups)
 
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