Preheat oven to 350°. Combine the caramels and 1/3  cup of milk in a double broiler. Combine the cake mix, remaining milk and softened butter, blend. Stir in nuts.

Place ½ of a cake mixture into a 13” x 9” pan, greased. Bake six minutes at 350°. Remove from oven and sprinkle chocolate chips on top. Pour melted caramel over top. Put remaining cake mix over caramels and bake 350° for 15 to 20 minutes.