- Prep Time: 45 m
- Calories: 122 kcal
- Line trays with waxed paper. Pour rice cereal into a shallow dish or bowl.
- In a double boiler, combine condensed milk, margarine and caramels. Cook, stirring, over simmering water, until melted and smooth.
- Using tongs or two forks, dip marshmallows one at a time into caramel mixture, then roll in rice cereal. Place on waxed paper until set.
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