2 c. sugar
16 reg. size marshmallows
2/3 c. evaporated milk
2 tsp. vanilla
1 (10 oz.) pkg. cherry bits
1 (11 oz.) pkg. chocolate chips
3/4 c. chunky peanut butter
1 c. chopped raw Spanish peanuts

Combine sugar, marshmallows, and milk. Stir until dissolved over low heat. Cook 5 minutes, stirring constantly. Remove from heat. Stir in vanilla and cherry bits until dissolved. Spread in a buttered 10 1/2 x 15 1/2 inch cookie sheet. Melt chocolate chips with peanut butter in double boiler. Stir in peanuts. Spread evenly over cherry layer. Cool and cut in 1 1/2 squares.