Melt caramels with water and vanilla in double boiler. Cool slightly.
2
Separately, melt chocolate and set aside in a warm place.
3
Place 4 pecan halves on prepared baking sheet Spoon about 1 teaspoon of caramel mixture in center of group of nuts, half covering each nut. Repeat until all nuts are used.
4
Let stand about 10 minutes. Spread some melted chocolate over each candy.