Skim Milk, Water, Sugar, Modified Cornstarch, Cocoa Processed with Alkali, Hydrogenated Vegetable Oil (Coconut and Palm Kernel Oils), Contains Less Than 1% of Cornstarch, Salt, Calcium Phosphate, Sodium Stearoyl Lactylate (for Smoother Texture), Sodium Alginate, Artificial Color, Natural and Artificial Flavor, Yellow 5, Vitamin a Palmitate, Yellow 6, Vitamin D.