Combine milk, 1/2 cup butter, sugar and salt in sauce pan.Heat until butter is melted.
Cool to 105°-115°.
Stir in yeast until dissolved.
Place flour in large bowl; make a well in flour and pour in liquid mixture.
Stir until blended.
Cover and let rise until doubled in bulk, about 1 1/2 hours.
Turn dough out on a floured surface.
Roll 1/4" thick.
Cut into 3" squares.
Dip each square into remaining 1/2 cup melted butter.
Layer squares in a 10" tube pan.
Let rise until doubled, 30-40 minutes.
Bake at 375° 30-40 minutes until browned.