1 (12 oz.) pkg. peanut butter morsels
1 (14 oz.) pkg. sweetened condensed milk
1 c. chopped pecans

In heavy saucepan, over low heat melt morsels with sweetened condensed milk. Stir occasionally. Remove from heat. Stir in pecans. Spread evenly into wax lined 9 inch square pan. Chill 2 hours or until firm. Turn fudge onto cutting board. Peel off paper and cut into squares. Store covered at room temperature.