1 (16 oz.) pkg. miniature marshmallows
3/4 c. vegetable oil
1/2 c. butter
5 qt. popped popcorn
1 (24 oz.) pkg. gumdrops
1 c. salted peanuts

In a large saucepan, melt marshmallows, oil and butter until smooth. In a large bowl, combine popcorn, gumdrops and peanuts. Add marshmallow mixture and mix well. Press into a greased 10-inch tube pan. Cover and refrigerate overnight. Dip pan in hot water 5 to 10 seconds to unmold.