In microwave safe bowl, combine Candy Melts, eggnog and cream. Heat at 50% power or defrost setting for 1 minute. Stir thoroughly. Continue to microwave and stir at 30 second intervals until smooth and completely melted. Stir in nutmeg. Pour into shallow pan. Refrigerate 1-2 hours or overnight until firm but pliable.
Roll into 1-inch balls. Dip into melted candy; roll in sprinkles.
Note-- For top of stove preparation, combine Candy Melts Candy, eggnog and cream in saucepan or double boiler. Heat over low heat, stirring constantly, until candy is melted.