Marshmallow Crisp

5 cups rice cereal  (I didn't measure.  I just poured a little in a bowl and kept adding more cereal as needed)
1 can (14 oz.) sweetened condensed milk
1 pkg (14 oz.) caramels
1 cup butter, cubed
1 tsp ground cinnamon
1/2 tsp vanilla
1 pkg. (16 oz.) large marshmallows

Line two baking sheets with wax paper; set aside.  Place cereal in shallow bowl.  In large saucepan, cook and stir milk, caramels, and butter over low heat until melted and smooth.  Remove from the heat; stir in cinnamon and vanilla.  With toothpick inserted in each marshmallow, dip into warm caramel; turn to coat.  Press marshmallow bottoms in cereal; place on prepared pans.  Let stand until set.

I had troubles with the rice crispies and caramel running off the marshmallows and "pooling" at the base, but they still tasted great!