Crispy Caramel Treats

3 tbsp butter or margarine

2-1/2 cups Campfire Miniature Marshmallows

2 cups pretzel sticks, broken

12 caramels

1 tbsp water

2 tbsp peanut butter

Melt butter in heavy saucepan on low heat.  Add marshmallows; stir until melted and smooth.  Remove from heat.

Add broken pretzel sticks; mix lightly until well coated.  Drop by rounded tablespoonfuls onto greased baking sheet.

Melt caramels with water in heavy saucepan on low heat, stirring frequently until smooth.  Add peanut butter; mix well.  Drizzle over treats; cool.