Place butter and marshmallows in a large microwave-safe bowl.
Warm on high for one minute.
Warm for an additional 30 secs and stir.
Add 1-2 orange gel food coloring drops and stir until no streaks of white appear.
Combine the marshmallow mixture with the rice cereal.
Make small balls into the shape of a pumpkin.
Slice the tootsie rolls in half and add them to each pumpkin while still warm.
Allow to set.