1/3 cup peanut butter 1/4 cup butter or margarine 3 cups miniature marshmallows 4 cups Life? cereal 3/4 cup dry roasted peanuts
In a large saucepan over low heat, melt peanut butter and butter. Add marshmallows; cook and stir until melted.
Remove from the heat. Stir in the cereal and peanuts; mix well. Spread onto a greased baking sheet. Cool. Break into bite-size pieces. Chill for at least 1 hour. Store in the refrigerator.