Step 1

Line 8- or 9-inch-square baking dish or pan with wax paper.

Step 2

Melt morsels in uncoveredmicrowave-safe bowl on MEDIUM-HIGH (70%) power for 1 minute; STIR.Morsels may retain some of their original shape.If necessarymicrowave at additional 10- to 15-second intervalsstirring just until morsels are melted.Stir peanut butter into melted morsels.Stir in peanuts.Spread fudge into prepared baking dish.Refrigerate for at least 1 hour or until set.Lift from pan; remove paper.Cut into pieces.Store in tightly sealed container or resealable plastic bag.