PREPARATION:
- Line 8-inch baking pan with foil, extending edges over sides of pan.
- Bring cream and corn syrup to a boil in 2-quart saucepan over medium heat. Boil 1 minute. Remove from heat. Add chocolate chips; stir constantly until chips are melted. Stir in powdered sugar, candy canes and vanilla. Pour into prepared pan. Spread mixture into corners. Cover; refrigerate 2 hours or until firm.
- Lift fudge out of pan using foil; remove foil. Cut into 1-inch squares. Store in airtight container.
