Hot Fudge Sauce - cooking recipe

Ingredients

1 (6 oz.) pkg. semi-sweet chocolate chips or 4 (1 oz.) sq. semi-sweet chocolate
2 Tbsp. margarine or butter
1 (14 oz.) can Eagle Brand sweetened condensed milk (not evaporated)
2 Tbsp. water
1 tsp. vanilla extract

Preparation

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.
Makes about 2 cups.