Step 1: Preheat oven to 350*F.
Step 2: Put all ingredients in a large saucepan.
Step 3: Bring to a boil.
Step 4: Boil until all liquid is gone. (Stir occasionally at first,then constantly).
Step 5: Remove from heat.
Step 6: Spread over greased jelly roll pan.
Step 7: Put in preheated oven for 15 minutes.
Step 8: Stir peanuts and bake another 15 minutes.
Step 9: Cool. Store in glass container.
Step 10: Makes two cups.
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