Caramel

1 cup butter (NOT MARGARINE!)
2 ¼ cups brown sugar
Dash salt
1 cup light corn syrup
1 15-ounce can sweetened condensed milk
1 tsp. vanilla

Melt butter in heavy 3 quart saucepan. Add sugar and salt; stir thoroughly. Stir in corn syrup; mix well. Gradually add milk, stirring constantly. Cook and stir over medium heat to firm ball stage (275* F.), 12 to 15 minutes. Remove from heat; stir in vanilla. Pour into buttered 9x9x2-inch pan. Cool and cut into squares.

I do not use a thermometer to watch the temperature; I find it cumbersome and my caramels turn out too hard. Instead I have a bowl of ice water on the stove and after about 10 minutes of stirring/cooking I spoon caramel into the bowl. It will set up quickly. If I like the consistency I know it is done.

Orson Gygi has great chocolate, called Peter's Superlative Chocolate, that I use to dip the caramel in. The chocolate is a bit softer and more tempermental but has a GREAT flavor and I get rave reviews.