Cook sugar in small saucepan on medium heat 5 min. or until melted and deep golden brown, stirring constantly. Immediately pour into 9-inch round pan; tilt pan to evenly cover bottom with syrup.
Blend remaining ingredients in blender until smooth; pour over syrup in pan.
Place in larger shallow pan.
Add enough hot water to larger pan to come halfway up outside of 9-inch pan.
Bake 1 hour or until knife inserted in center comes out clean. Cool slightly. Carefully remove flan from water. Cool completely. Refrigerate 4 hours. Invert flan onto platter just before serving; carefully remove pan.
