49 caramels
3 tbsp water
5 cups rice krispies or toasted oat cereal
1 cup peanuts
1 cup chocolate chips
1 cup butterscotch morsels
Melt caramels with water in sauce pan over low heat. Stir frequently until sauce is smooth. Pour over cereal and nuts. Toss until well coated, with greased fingers. Pour into a greased 9 by 13 pan. Sprinkle morsels and chips on top. Bake at 200 degrees for 5 minutes or until softened. Spread softened morsels and chips until blended to form a frosting. When cool, cut into bars.
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