Frozen Caramel Pudding

1 can condensed milk

1 cup whipping cream

1 tsp. vanilla

½ cup chopped maraschino cherries

½ cup crushed nut meats

Cover the can of condensed milk with boiling water and boil 3 hours. Remove and chill thoroughly. Whip the cream until thick but not stiff and gradually add the caramelized milk, thoroughly mixing it into the cream. Flavor with the vanilla and add the maraschino cherries and nut meats. Freeze.