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Preheat oven to 325 degrees.
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Grease 12 muffin cups Combine butter and chocolate chips and melt in the microwave (on defrost) stirring occasionally.
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Combine eggs and sugar in a large bowl.
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Beat with an electric mixer at med.
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speed until thickened, about 5 minutes.
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Add flour gradually, beating at low speed.
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Add chocolate mixture and beat until thick and glossy, about 3 minutes.
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Fill the prepared muffin cups two-thirds full.
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Bake the cakes 5 minutes.
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Combine the caramels and 2T evaporated milk in a double boiler.
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Cook, stirring continually, until caramels are melted.
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Spoon 2 teaspoonfuls of caramel mixture into each muffin cup.
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Bake for 8 minutes longer.
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Invert cakes onto individual serving plates.
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Stir remaining evaporated milk into remaining caramel mixture and serve with warm cakes.