Fran's Hot Fudge

Ingredients

5 oz semi sweet chocolate
1/2 C butter
1 lg can evaporated milk
3 C powdered sugar
1 1/4 tsp vanilla

Directions

In a 3 quart bowl, melt the chocolate and butter in microwave covered for one minute at a time at 70% power.  Once butter and chocolate are melted, mix in sugar alternately with evaporate milk and combine well.  Then, return to microwave and cook for one minute at a time until bubbling (about 2 1/2 minutes).  Then continue microwaving on 30% power and stiring every 3 minutes until it is thick and creamy, about 15 minutes.  Then stir in vanilla.  Serve warm.

* For frosting, cool 2 cups of sauce and add 2 cups of powdered sugar.  Blend well.