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In a small saucepan over high heat, bring corn syrup to a full boil. Remove from heat. Stir in coconut until well coated.
Use immediately as filling for molded candies or shape into ovals, using 3/4 teaspoon mixture for each and let stand for 30 minutes or until a crust forms before dipping Or shape into 3/4 -inch balls and roll in colored sugar. Store in airtight containers.