Dulce de Leche Caramel Apples

Insert wooden craft stick into each apple. Line trays or baking sheets with wax paper. Place chopped peanuts and chocolate morsels on separate plates.

Place dulce de leche in medium, heavy-duty saucepan. Heat over low heat, stirring constantly, for 5 minutes or until smooth. Remove from heat.

Dip apples all the way into dulce de leche, shaking off excess. Roll bottom halves of 5 apples in chopped peanuts and the bottom halves of remaining apples in chocolate morsels, then place on prepared trays. Refrigerate for 1 hour or until set. Store apples in refrigerator in airtight container.