Peanut Butter Velveeta Fudge 1/4 pound Velveeta cheese 1 cup peanut butter 1/2 cup (1 stick) butter or margarine 1 pound confectioners' sugar 1 teaspoon vanilla extract Melt in glass bowl in microwave approximately 3 minutes. Stir until smooth. Cool. Add 1 pound confectioners' sugar and 1 teaspoon vanilla extract. Mix well. Press into ungreased pan. Chill. Cut and serve. Cyndi Smith