4 cups crispy rice cereal
1 (14 ounce) can sweetened condensed milk
1 cup margarine
30 individually wrapped caramels,unwrapped
1 (16 ounce) package large marshmallows

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 smoothUsing tongs or two forks, dip marshmallows one at a time into caramel mixture, then roll in rice cereal. Place on waxed paper until set