1 can (14 oz.) sweetened condensed milk
3 Tbsp. light corn syrup
2 tsp. vanilla
2 lb. powdered sugar
Beat condensed milk, corn syrup and vanilla in a large bowl until well mixed.
Stir in powdered sugar.
There will be a large mass of crumbs.
Turn onto a board and knead until smooth.
Roll out as needed for cakes.
To color: knead paste food coloring in fondant until desired shade is reached.
Stores well in the a sealed container in the refrigerator of freezer for several months.