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1/2 cup granulated sugar 

2 tablespoons water

2 tablespoons unsalted butter

1 cup whipping cream 

Combine sugar and water in a heavy saucepan. Heat the pan slowly, swirling the pan to dissolve the granules as the sugar becomes a liquid.  Do not stir with a spoon,  Cook the syrup covered for one minute; uncover and continue until it begins to darken.

Take the pan off the heat when it is a light tan color.  Stir in the butter and slowly add the cream over low heat until the mixture is smooth.   Pour into a glass container.

Store the sauce in the refrigerator between uses.  Reheat in a microwave on medium power for a minute or more