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Caramelts

1 (14 ounces) package caramels
1/4 cup milk
4 cups crisp rice cereal
1 cup salted peanuts

Unwrap caramels and place in a large saucepan. Add milk cook over
low heat until caramels melt, stirring often. Remove from heat
and stir in cereal and peanuts. Spoon into buttered 8-inch sqare
pan. Cool completely in pan on a wire rack. Cut into squares.

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