Rich Caramel Cake - cooking recipe

Ingredients

1 (14 oz.) pkg. caramels
1/2 cup butter or margarine
1 (14 oz.) can sweetened condensed milk
1 box chocolate cake mix (18 1/4 or 18 1/2 oz. package)
1 cup pecans (coarsely chopped)

Preparation

Preheat oven to 350\u00b0.