Combine chocolate and milk in a shallow glass casserole or mixing bowl.
Cook, covered, 1 minute, 25 seconds or until chocolate melts, stirring twice.
Place a toothpick in each marshmallow.
Dip marshmallows in chocolate and roll in Shredded coconut or chopped nuts.
If chocolate mixture begins to cool while dipping marshmallows, return to oven for a few seconds.