Preheat oven to 350 F. Line muffin tins with paper baking cups.
Prepare cake mix according to package directions; stir in apples. Spoon
into muffin cups, fill two-thirds full. Bake 20 minutes or until a
toothpick inserted in center comes out clean; remove to wire rack to
Meanwhile, in a medium saucepan over low heat, combine the caramels and
evaporated milk. Stir until caramels are melted and smooth.
Spread caramel mixture over cupcakes; immediately sprinkle with
peanuts, pressing in slightly. Store covered in an airtight container.
Makes 14-15 cupcakes.