Cherry Candy Balls

Jar of maraschino cherries drained and dried on paper towel.
1/4 cup butter
2 pounds powered sugar
1 can Eagle brand sweetened condensed milk
chopped nuts

Almond bark, chocolate flavored wafer or chocolate chips (for dipping)

Mix butter, sugar, and sweetened condensed milk. For this mixture around the cherries, roll in nuts and freeze. When set dip into melted chocolate (chocolate flavored wafers, almond bark or chocolate chips).