Combine caramels, butter, and water in top of a double boiler; cook over boiling water, stirring constantly, until mixture melts. Remove from heat, leaving mixture over hot water; stir in pecan halves. Spoon 2 caramel-coated pecan halves at a time onto ungreased baking sheets; cool at least 1 hour or until set.
Place chocolate in top of a double boiler over hot water (do not place over heating element). Stir until chocolate melts. Dip each pair of caramel-coated pecan halves in melted chocolate; allow excess to drain.
Place candy on ungreased baking sheets; chill until firm. Arrange candies between layers of waxed paper in airtight containers, and store in a cool place.
Oxmoor House Homestyle Recipes
easiest recipe I have ever done, is even quicker and better than peanut clusters. I used Kraft Caramel Bits, didn't have to unwrap the caramels this way.