1 (14 ounce/396 gram) can sweetened condensed milk
Put the can of sweetened condensed milk in a stock put and add cold water to cover. Bring the water to a boil and let boil for 1 hour and 45 minutes. Check the water level frequently to make sure it is always covering the can. Do not boil for more then 2 hours, or you will overcook the dulce de leche and run the risk of exploding the can.
Using tongs, occasionally turn the can to stir the milk.
Remove the can from the water and let cool to room temperature. Transfer the caramelized milk to an airtight container, cover, and store in refrigerator for up to 2 weeks.
Makes 1 3/4 cups.
STORING DULCE DE LECHE:
If not using the dulce de leche immediately, you may store it, tightly covered, in the refrigerator for at least a month.
Date: January 11, 2006