Aha! I think this might be the winner!
Chocolate Covered Cherries - Allrecipes
Chocolate Covered Cherries
SUBMITTED BY: Kathy Nowell
"Note: If you store these they will make the juice around the cherry, like the store bought ones."
Original recipe yield: 50 servings
INGREDIENTS
8 tablespoons melted butter
6 tablespoons corn syrup
1 (14 ounce) can sweetened condensed milk
1 teaspoon vanilla extract
3 pounds confectioners' sugar
3 (10 ounce) jars maraschino cherries, drained
2 cups semisweet chocolate chips
1/2 tablespoon shortening
DIRECTIONS
In a large mixing bowl, combine butter, corn syrup, sweetened condensed milk, vanilla, and sugar. Knead dough, and form it into balls with a cherry wrapped in the middle. The balls should be approximately the size of walnuts. Place balls in the freezer to chill.
In a double boiler, melt chocolate chips and shortening together. Dip the cooled balls in the chocolate, let cool on parchment paper.