Caramelized Condensed Milk

Oven method: Preheat oven to 425 deg. Pour Eagle brand (or any other make) condensed millk into an 8 or 9 inch pie plate. Cover with foil, place in a larger shallow pan. Fill outer pan with hot water. Bake 1 to 1 1/2 hours or until thick and a light caramel coloured. Remove foil. Cool. Chill thoroughly. Cover leftovers, refrigerate. Stovetop Method: Pour condensed milk into top of a double boiler, cover. Place over boiling water. Over low heat, simmer 1 to 1 1/2 hours until thick and light caramel coloured. Beat til smooth, cool. Chill thoroughly. Cover left overs. Refrigerate. Microwave Method: Pour condensed milk into 2 qt glass measure. Microwave uncovered at MEDIUM (50%) 4 min. stirring after 2 min. Reduce power to MEDIUM LOW (30%) and microwave, uncovered, 12 to 16 min or until thick and light caramel coloured. Stir briskly every 2 min. til smooth. Cool. Chill thoroughly, cover leftovers and refrigerate. To Reheat: Place desired amount of caramel in 1 or 2 cup glass measure. Microwave uncovered at HIGH 40-60 seconds. til warm. CAUTION, NEVER HEAT UNOPENED CAN!