2 boxes cream cherry frosting mix, dry
1 stick butter, softened
1 can Eagle Brand milk
2 lbs. powdered sugar
1 (16 oz.) jar maraschino cherries, drain & chop
2 tsp. vanilla

CHOCOLATE COATING:

2 lbs. chocolate
1/2 - 1 lb. chopped peanuts (finely)

Mix butter, Eagle Brand milk, and vanilla together; stir in frosting and powdered sugar, then cherries. After all ingredients are well blended, roll into balls, dip in chocolate and refrigerate until well chilled.