Fondant

Combine all of your ingredients, except vanilla. Place over low flame and stir constantly until sugar dissolves and mixture boils. Cover and cook 3 minutes, remove cover and continue cooking without stirring until it forms a soft ball. During cooking wash down sides of pan a few times with a damp cloth. Pout fondant at once on a cold, wet pan. Cool to lukewarm and work with a spatula until white and creamy. Knead with hands until smooth. Add vanilla and knead until blended. Let stand until cool. Wrap in wax paper and put in cold place at least 24 hours before dipping. Dip in melted chocolate.