Homemade Dulce de Leche

Dulce de Leche 1 (14 ounces) can condensed milk (NOT EVAPORATED)

4-6 servings 14 ounces sauce 2 minutes 1 mins prep OVEN METHOD: Pour 1 can condensed milk into 9 inch pie pan. Cover with aluminum foil. Put in large pan, roaster pan. Fill large pan with boiling water. Bake@ 425 degrees Fahrenheit for 1 hour or until thick and caramel colored. Beat until smooth. MICROWAVE METHOD: Pour 1 can condensed milk into 2 quart glass measuring cup. Cook on 50% power for 4 minutes (stir every 2 minutes until smooth) Then cook on 30% power for 20-25 minutes or until thick and caramel colored. Stir every 4 minutes for first 15 minutes, then every 2 minutes during the last 6-10 minutes. Put in refrigerator covered. Can be eaten over ice cream, with fruit, cake, cookies or with a spoon.