I found this recipe in a Joanne Fluke book. I like the simplicity of this recipe and the fact that I have everything in my cupboard. This year's holiday baking seems to need lots of sweetened condensed milk so I am playing with this as I go. Tonight I am making fudge and last weekend I made caramels. So far so good.
Joanne Fluke Sweetened Condensed Milk
1/3 cup boiling water
4 TB butter
¾ cup sugar
½ tsp vanilla
1 cup powdered milk
Whisk water and butter until the butter is melted. Add sugar and mix until dissolved. Add vanilla. Whisk in powdered milk until smooth and creamy. Equals 14 oz can of SC milk.