Good-Cooking - Fannie Mae Caramels

Ingredients

• 4 cups granulated sugar
• 2 cups light corn syrup
• 1(14 ounce) can sweetened condensed milk
• 1 1/2 cups milk
• 1 cup whipping cream
• 1 cup butter
• 2 teaspoons vanilla extract
• 2 cups walnuts
• Tempered dipping chocolate or wax paper cut into rectangles