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Soften yeast in the water.
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Separately, stir shortening, sugar and salt in milk.
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Add yeast mixture.
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Blend in flour.
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Knead on floured board until smooth.
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Place in greased bowl.
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Cover with damp towel and let rise in a warm place until doubled in bulk.
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Cut pepperoni into 2 inch strips, then quarters lengthwise.
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Afer dough is ready, wrap a piece of meat in enough dough to cover.
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Place on a large cookie sheet (greased) and let rise again until doubled.
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Bake at 400 degrees until golden brown.
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Brush with butter.