1/2 c. butter
1 1/3 c. sugar
1/4 c. peanut butter
2 eggs
1 tsp. vanilla
2 c. flour
1 tbsp. baking powder
1 tsp. salt
1 c. milk
1 (10 oz.) jar Kraft Strawberry Preserves or Grape Jelly
Peanut Butter Frosting (below)

Cream butter and sugar until light and fluffy. Blend in peanut butter, eggs and vanilla. Add combined dry ingredients alternately with milk, mixing well after each addition. Pour into two greased and floured 8 or 9 inch layer pans. Bake at 350 degrees 35-40 minutes or until wooden pick inserted in center comes out clean. Cool 10 minutes; remove from pans. Spread 2/3 cup preserves between layers. Frost with Peanut Butter Frosting. Decorate with additional preserves.

PEANUT BUTTER FROSTING:

1/4 c. butter
1/4 c. peanut butter
1 tsp. vanilla
Dash of salt
2 1/2 c. sifted confectioners' sugar
3 tbsp. milk

Cream butter; blend in peanut butter, vanilla and salt. Add sugar alternately with milk, beating until light and fluffy.