1 (18.25 or 18.5-ounce) package chocolate cake mix
1 (14-ounce) package caramels, unwrapped
1/2 cup butter or margarine
1 (14-ounce) can EAGLE BRAND® Sweetened Condensed Milk (NOT evaporated milk)
1 cup chopped pecans
Preheat oven to 350°F. Prepare cake mix as package directs. Spread 2 cups cake batter (approximately 1/2 of the batter) into a greased 13×9-inch baking pan; bake 15 minutes.
In heavy saucepan, over low heat, melt caramels and butter. Remove from heat; add EAGLE BRAND®; mix well.
Gently spread caramel mixture evenly over cake; spread remaining cake batter over caramel mixture. Top with nuts.
Return to oven; bake 25 to 30 minutes or until cake springs back when lightly touched. Cool. Garnish as desired. Store leftovers covered in refrigerator.