Mounds Candy

2 lbs Powdered Sugar
3 sticks Margarine
2 - 14 oz. bags Coconut
1 can Sweetened Condensed Milk
18 oz Chocolate Chips
3/4 c. Paraffin

Heat margarine and sweetened condensed milk.  Add coconut and powdered sugar, stir very well.  Roll into 1" balls and place on wax paper lined cookie sheet.  Refrigerate for 2 hours.  Heat in a double boiler the chocolate chips and paraffin until smooth and melted.  Dip the refrigerated coconut balls into the chocolate.  Return to waxed paper to harden.  Store in an airtight container in the refrigerator.