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To caramelize the sugar: put it in a smooth iron or aluminum saucepan over low heat and stir constantly until the sugar is melted and smoking, 8 to 10 minutes.
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Remove from the heat; add the boiling water slowly stirring as you add to prevent lumps.
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Return it to the heat and cook 8 to 10 more minutes, to a rich brown.
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This syrup hardens on standing but can be melted over hot water.
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To make the pudding: scald the cream, mix with the sugar and pour into the egg yolks, stirring slowly.
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Add the vanilla and beat slowly until well blended and cooled.
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Whip the egg whites stiff and add to the custard.
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Put half of the caramel in a pudding mold or casserole; tilt it so as to coat the bottome and sides.
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Pour the custard in and set it in a hot water bath.
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Bake in a 325F 20 to 30 minutes or until firm.
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Let the pudding cool in the baking dish, preferably overnight.
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Add 2 tablespoons congnac to cream and whip until stiff.
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Use the extra caramel sauce and whipped cream for garnish/topping.