- 2 cups granulated sugar
- 1/2 cup water
- 1 (14 ounce) can NESTLE® CARNATION® Sweetened Condensed Milk
- 1/2 cup butter
- 2 teaspoons vanilla extract
- COMBINE sugar and water in medium, heavy-duty saucepan; cook over medium-high heat, stirring occasionally, until mixture comes to a boil. Continue to boil, without stirring, for 10 to 14 minutes, tilting pan occasionally to keep color even until mixture turns a deep caramel color. Remove from heat.
- STIR in sweetened condensed milk (mixture will foam up); do not scrape sides of pan. One tablespoon at a time, add 1/4 cup butter, stirring well after each addition. Stir in remaining butter and vanilla extract until smooth. Serve over ice cream, cake or fruit.