Pour milk into bread machine pan. Sprinkle flour over milk. Place butter, salt, and sugar in separate corners of bread pan.
Make a shallow indentation in the middle of flour and add yeast.
Snap bread pan into bread machine and close lid. Set bread machine to dough setting. Press the start button.
Add cranberries and walnuts 5 minutes before the end of the kneading cycle.
Lightly oil a baking sheet.
When dough cycle is complete, remove dough from machine and place it on a lightly floured surface.
Punch down gently and divide dough into 8 equal sections. Shape each section into rounds.
Place dough onto prepared baking sheet and cover with oiled plastic wrap. Leave in a warm place to rise for 1 to 1½ hours or until almost double in size.
Preheat oven to 425˚F (220˚C). Brush rolls with milk. Bake for 15 minutes or until golden brown.