In heavy saucepan, over medium heat, melt chips and margarine with sweetened condensed milk, water and vanilla. Cook and stir constantly until thickened, about 5 minutes. Serve warm over ice cream. Refrigerate leftovers.

To Reheat: In small heavy saucepan, combine desired amount of sauce with small amount of water. Over low heat, stir constantly until heated through.

Microwave**: In 1-quart glass measure, combine ingredients. Cook on 100% power (high) 3 to 3-1/2 minutes, stirrng after each minute.

From "Eagle Brand All Time

Favorite Desserts With Eagle

Brand Condensed Milk"

From a collection of my mother's (Judy Hosey) recipe box which contained lots of her favorite recipes, clippings, etc. Downloaded from Glen's Mm