Chocolate Truffles with Variations

3 (6 ounce) packages semisweet
    chocolate chips (1 1/2 300g bags)
1 (14 ounce) can Eagle Brand sweetened
    condensed milk (300ml)
1 tablespoon vanilla extract
Finely chopped nuts
Flaked coconut
Chocolate sprinkles
Colored sprinkles
unsweetened cocoa or colored sugar

In heavy saucepan, over low heat, melt chips with sweetened condensed milk. Remove from heat; stir in vanilla extract. Chill 2 hours or until firm. Shape into 1-inch balls; roll in any of the above coatings. Chill 1 hour or until firm. Store covered at room temperature.

Microwave