1Line a 9-inch square pan with wax paper.
Combine s c Milk, peanut butter,water,vanilla and salt in a heavy saucepan; stir in cornstarch. Cook and stir over medium heat until thickened and smooth.
2Add candy coating; cook and stir until melted and smooth. Spread evenly in prepared pan.
Chill 2 hours or until firm. Cut into squares; roll firmly in peanuts to coat.
Combine sc Milk, peanut butter, water, vanilla and salt in 1-quart glass measure; stir in cornstarch. Cook on HIGH for 2 minutes; mix well. Melt candy coating in 2 quart glass measure on MEDIUM 3 to 5 minutes, stirring after each minute. Add peanut butter mixture; mix well. Proceed as above.