PREPARATION:

1. Combine sugar, corn syrup, water and margarine in large saucepan. Bring to a boil over medium heat, stirring constantly, until sugar is dissolved. Continue to boil until mixture reaches firm ball stage (270°F on a candy thermometer).
2. Remove saucepan from heat. Stir in desired flavoring and food colorings. (If making more than 1 flavor or color, divide mixture among 2 or 3 greased bowls before flavoring and coloring.) Let taffy mixture stand until cool enough to handle.
3. Pull taffy with well greased hands until it is light and no longer shiny. Stretch into rope or coil about 1/2 inch in diameter; cut into 3/4-inch pieces with scissors. Individually wrap candies in waxed paper, if desired. Store in airtight container.