In a heavy saucepan, melt first 3 ingredients to a fairly thick sauce. Keep stirring though, so they don't burn to the pan!

Dip a marshmallow into the sauce and let excess drip off {use a fondue fork to keep your fingers clean, it's much easier}.

Roll the marshmallow in puffed rice cereal and lay on wax paper until it hardens.

Repeat with all marshmallows until the sauce is gone.

One hardened, they are best kept in the fridge or frozen, until you are ready to eat.