My friend, Bea Stirland, gave me this great recipe.
2 c. whipping cream
2 cubes real butter
2 c. sugar
2 c. karo
Cook on medium low, stirring occasionally. Boil until it changes color, then stir more often until it holds its shape in ice water, when pinched. Spray 5 plastic ice cube trays with Pam. Pour the liquid caramels into the holes of the ice cube trays. (I use my gravy ladle to do this.) Put the trays into the fridge until set, then pop the caramels out and wrap them in parchment paper or waxed paper. Never leave in the fridge overnight. I usually make them in the morning and wrap them in the afternoon. This makes around 70 caramels.