Triple Treats

1 (12 ounce) package milk chocolate morsels
2 Tablespoons shortening 
30 vanilla caramels
3 Tablespoons butter
2 Tablespoons water
1 cup peanuts, coarsely chopped

Melt over hot (not boiling) water, chocolate morsels and shortening.  Stir until morsels melt and mixture is smooth. Remove from heat; pour 1/2 of melted chocolate into 8 x 8 foil lined square pan. Spread evenly.  Refrigerate until firm, about 15 minutes. Return remaining chocolate mixture to low heat. In double boiler combine combine caramels, butter, and water. Stir until caramels melt and mixture is smooth. Stir in nuts until well blended. Pour into chocolate lined pan; spread evenly. Refrigerate until tacky, about 15 minutes. Spread remaining chocolate evenly over caramel filling. Return to refrigerator and chill until firm,  about one hour; cut into 1 inch x 2 inch rectangles.  Refrigerate until ready to serve. Makes about  2 1/2 dozen candies.