Combine all ingredients except rolled oats and cook over direct heat for two (2) minute (or until blended and smooth) :

2 c. sugar
1/2 c. milk
2 tbsp. cocoa
1/4 lb. butter
1/2 c. peanut butter

Remove from heat and add:

2 1/4 c. rolled oats (reg. type, not instant type)

Drop by teaspoon on waxed paper. Press down with fork and place 1/2 cherry (maraschino) on top of each cookie. Put in refrigerator to harden. Remove from paper.