Homemade Caramel Topping

1 1/2 c. granulated sugar
1 1/2 c. brown sugar
1 1/2 c. butter
1 1/2 c. light corn syrup
1 can (14 oz.) sweetened condensed milk
Combine ingredients in a heavy saucepan. Stirring constantly, bring to a boil. Cook until mixture reaches 238 degrees or forms a firm ball when added to cold water. Use as a caramel coating for candy apples, popcorn or use to make wrapped caramels by pouring into a greased 9" x 13" pan and cooling overnight. Cut and wrap as desired.


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