1/4 lb. Velveeta cheese
1 c. peanut butter (16 tbsp.)
1 stick butter
1 lb. powdered sugar
1 tsp. vanilla

Melt in glass bowl in microwave approximately 3 minutes. Stir until smooth. Cool. Add 1 pound powdered sugar and 1 teaspoon vanilla. Mix well. Press into ungreased pan. Chill. Cut and serve.