Caramel Morsel Bars - cooking recipe

Ingredients

49 (14 oz. bag) Kraft caramels
3 Tbsp. water
5 c. Rice Krispies cereal or Toasted Oats cereal
1 c. peanuts
1 (12 oz.) pkg. chocolate chips

Preparation

Melt caramels with water in saucepan over low heat.
Stir until sauce is smooth.
Pour over cereal and nuts.
Stir well. Press into greased 13 x 9-inch baking pan.
Sprinkle chips over top.
Place in 200\u00b0 oven for 5 minutes.
When chips are melted, spread to form frosting.
Cut into bars.