Again, I cannot lay claim to this recipe, but it is the topping of choice for the Company French Toast. I am going to try to make it with sweetened condensed milk for more of a caramel like sauce. I will let you know how it turns out. Photo to come later.
1 cup butter
1 cup sugar
12 oz evaporated milk
Heat all ingredients in a saucepan until sugar has dissolved and syrup has thickened. Separates easily so stir often.