2 pkg. peanut butter chips
1 (14 oz.) condensed milk
1/4 c. butter
1 c. chopped peanuts

In medium saucepan, melt peanut butter chips, butter and condensed milk. When melted, add chopped peanuts. Put mixture in a waxed paper lined 8-inch square pan. Smooth out. Let chill for 2 to 3 hours. Store refrigerated.