1/2 c. butter
1 (16 oz.) bag marshmallows
1/4 c. peanut butter
3 qt. popped popcorn
1 c. dry roasted peanuts
1 (10 oz.) pkg. peanut M&M'S®

Melt butter, marshmallows and peanut butter in large pan until completely melted. Cook 1 minute more. Pour over popped popcorn and peanuts. Mix in the M&M'S®. Spread into buttered angel food cake pan. Let set for awhile. Turn out onto foil covered cake plate. Serves 12.