1.In heavy saucepan over medium heat, cook Eagle Brand and peanut butter just until bubbly, sirring constantly. Remove from heat: stir in white chocolate until smooth. Immediately stir in Peanuts and vanilla.
2. Spread evenly into wax paper-lined 8-or9-inch swuare baking pan. Cool. Cover and chill 2 hour or until firm. Turn fudge into cutting board: peel off paper and cut into squares. Store leftovers covered in refrigerator.