1 pkg light colored Kraft caramels
1/2 cup butter
1/2 cup sweetened condensed milk
1 – 16oz bag large marshmallows
1/2 large box Rice Krispies
Melt caramels, butter and condensed. (You may put marshmallows in the freezer; works better). Then dip marshmallows in caramel and then in Rice Krispies. Press Rice Krispies into caramel.