Caramel Custard

Directions

1. 1
   Boil sweetened condensed milk for 1 1/2 hours in an unopened can.
2. 2
   Cook sugar and water over high heat until light brown.
3. 3
   Pour into a straight sided dish and coat bottom and sides.
4. 4
   Beat cream cheese until fluffy.
5. 5
   Add powdered sugar.
6. 6
   Blend.
7. 7
   Add eggs one at a time and beat.
8. 8
   Add cream and sweetened condensed milk.
9. 9
   Place dish in 1-inch of water.
10. 10
    Bake at 350° for 1 1/2 to 2 hours.
11. 11
    Let set awhile and invert on plate, draining liquid.
12. 12
    Refrigerate.