Dulce de Leche Caramel Fondue

14 oz sweetend condensed milk
1 c wrapped caramels
1 t vanilla extract

1. Heat condensed milk in fondue pot. Set at simmer or medium temperature.
2. Unwrap caramels; add caramels and vanilla to condensed milk.Stir constantly until melted.
3. To serve, set fondue pot at warm or lowest temperature; stir occasionally.

Makes 1 1/2 c.