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Step 1
Preheat oven to 350 degrees F (175 degrees C).
Step 2
In a medium saucepan over medium-low heat, melt sugar until liquefied and golden in color. Carefully pour hot syrup into a 9 inch round glass baking dish, turning the dish to evenly coat the bottom and sides. Set aside.
Step 3
In a large bowl, beat eggs. Beat in condensed milk, evaporated milk and vanilla until smooth. Pour egg mixture into baking dish. Cover with aluminum foil.
Step 4
Bake in preheated oven 60 minutes. Let cool completely.
Step 5
To serve, carefully invert on serving plate with edges when completely cool.