LINE tray with wax paper. Place candy sprinkles on plate or in shallow bowl.
MELT 1/3 cup morsels according to package directions in small bowl. Dip one graham stick halfway into melted morsels, then into candy sprinkles. Transfer to prepared tray. Repeat with remaining graham sticks.
REFRIGERATE for 10 minutes or until set. Store in airtight container at room temperature for up to 1 week.