Microwave chocolate and milk in large microwavable bowl on HIGH 2 to 3 minutes or until chocolate is almost melted, stirring halfway through heating time. Stir until chocolate is completely melted.
Stir in vanilla and nuts. Spread in foil-lined 8-inch square pan.
Refrigerate 2 hours or until firm. Cut into squares.
Rocky Road Fudge: Prepare Fudge as directed, adding 2 cups miniature marshmallows with vanilla and nuts.
Peanut Butter Fudge: Prepare Fudge as directed, omitting nuts. Drop 1/2 cup peanut butter by teaspoonfuls on top of fudge. Swirl with knife to marbleize.
White Chocolate Layered Fudge: Prepare Fudge as directed. Spread in prepared pan. Before refrigerating fudge, melt 1 pkg. (6 squares) BAKER'S Premium White Baking Chocolate as directed on package. Stir in 1/2 cup sweetened condensed milk. Spread over fudge in pan. Refrigerate as directed.