Crispy Marshmallow Balls

Crispy Marshmallow Balls 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 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.