I've made this punch for several weddings, parties and showers and it always goes over well! From the 1986 Southern Living Annual Recipes. I haven't made it with champagne, but I am sure it would be delicous that way! Take time to make the ice ring; it really makes the punch perfect! If you need to make a lot of this, you can make the punch up to the point where you chill the base and instead freeze it. I've made enough for 100 people this way with good results. Also, the original recipe calls for a 28-ounce bottle of tonic water. I just always use the full 1 liter bottle. Preparation time includes a swag on how long it takes to make the ice ring. Cooking time is just the time to combine the base, ice ring and carbonated beverage.