1 can refrigerated biscuits
1/4 c. melted butter
1 c. finely chopped peanuts
1/2 c. powdered sugar
1 tbsp. water

Separate biscuits. Dip into melted butter, then in peanuts - coating well on both sides.

Arrange in overlapping circle on greased baking sheet. Bake 425 degrees 10 to 15 minutes or until golden brown.

Mix powdered sugar and water. Drizzle over hot tea ring. Slide onto serving plate and serve warm. Yield: 6-8 servings.