Mom's Famous Soft Christmas Caramels

2 Cups Whipping Cream
1/2 C Sweetened Condensed Milk
2 Cups Light Corn Syrup
1/2 Cups water
2 Cups Sugar
1/2 Cup Butter

Butter a 9" square pan.  Saucepan - Cream and Milk.  Low heat/warm - Do Not Boil.  In 4 quart pan mix corn syrup, water, and sugar.  Place over high heat and stir with spoon until well mixed.  Candy Thermometer 250F (120c) or hard ball stage.  Stir in butter and warm cream milk.  Temperature will decrease.  Stir consistently until thermometer reaches 244F or firm ball stage.  Pour in pan.  Cool overnight.  Cut in 1' squares.  Wrap in waxed paper or dip in tempered chocolate.  81 pieces.