Heat the cream and sugar in a heavy-bottomed medium saucepan over medium-high heat until the mixture begins to boil.
Mix the cornstarch and cold water in a small bowl until smooth; slowly whisk into simmering cream. Simmer 2 to 3 minutes.
Put the yolks into a stainless steel bowl; whisk.
Temper the yolks by slowly whisking 1 cup hot, thickened cream mixture into yolks.
Return the yolk mixture to hot cream mixture, whisking in slowly.
After the mixture is whisked together, cook over medium-low heat until mixture reaches 140 degrees. Remove from heat and pour through a fine mesh strainer.
Add the whiskey, adjusting to taste, and keep warm until ready to use.
Store sauce in covered container in the refrigerator up to 3 days.
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