(1) making rice pudding can be very easy. (2) first, get a large, heavy saucepan. in the pan, measure 3 cups of whole milk, 1 cup of water, 1/2 stick of margarine or butter, and 1/2 cup of rice. (3) bring this mixture to a quick boil. (4) lower heat and slowly simmer for 45 minutes. (5) remove the saucepan from the heat. (6) add one beaten egg, 1/2 cup of sugar, and 1/2 teaspoon of vanilla. (7) stir well. (8) serve warm or cold. (9) enjoy your treat.