Chocolate Billionaires

Directions

1. 1
   Microwave caramels and water in 2-quart glass measure on 100% power for 3 minutes, stirring after 1 1/2 minutes.
2. 2
   Stir well; mix in pecans and cereal.
3. 3
   Drop mixture by teaspoonful onto greased waxed paper-lined baking sheets.
4. 4
   Insert a toothpick in center of each candy; chill until firm.
5. 5
   Microwave chocolate chips in 1-quart glass measure on 100% power for 2 minutes.
6. 6
   Stir in vegetable shortening.
7. 7
   Dip candies into chocolate.
8. 8
   Place onto waxed paper.
9. 9
   Chill.
10. 10
    Store in an airtight container.
11. 11
    Makes 4 dozen candies.