Caramel Peanut Balls

In heavy saucepan, combine nuts, sweetened condensed milk and vanilla. Over medium heat, cook and stir 8 to 10 minutes or until mixture forms ball around spoon and pulls away from side of pan. Cool 10 minutes. Chill if desired.

Shape into 1-inch balls.

In small heavy saucepan, over low heat, melt confectioners coating. With wooden pick, dip each ball into melted coating, covering half of ball. Place on wax paper-lined baking sheets until firm.

Store covered at room temperature or in refrigerator.

Makes about 4 1/2 dozen.