Caramel Morsel Bars
49 (14-oz bag) Kraft caramels
3 Tbsp. water
5 Cups rice cereal or toasted oat cereal
1 Cup peanuts
1 6-oz pkg. Nestles butterscotch morsels
Melt caramels with water in saucepan over low heat. Stir frequently until sauce 
is
smooth. Pour over cereal and nuts; toss until well coated.
With greased fingers, press mixture into greased 13x9 inch baking pan
Sprinkle morsels on top; place in 200ยบ oven for 5 minutes until morsels soften. 
Spread
softened morsels until blended to form a frosting
Cool, cut into bars
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