- 3 tablespoons butter or margarine
- 2 1/2 cups JET-PUFFED Miniature Marshmallows
- 2 cups pretzel sticks, broken
- 12 KRAFT Caramels
- 1 tablespoon water
- 2 tablespoons peanut butter
- Melt butter in heavy saucepan on low heat. Add marshmallows; stir until melted and smooth. Remove from heat.
- Add broken pretzel sticks; mix lightly until well coated. Drop by rounded tablespoonfuls onto greased baking sheet.
- Melt caramels with water in heavy saucepan on low heat, stirring frequently until smooth. Add peanut butter; mix well. Drizzle over treats; cool.