2 ounces unsweetened baking chocolate
2 TBSP. butter or margarine
2 cups powdered sugar
3 TBSP. hot water

Melt chocolate and butter in 2-quart saucepan over low heat, stirring occasionally; remove from heat. Stir in powdered sugar and hot water until smooth and spreadable. (If frosting is too thick, add more water. If frosting is too thin, add more powdered sugar.)