Step 1: Heat oven to 350 degrees F.
Step 2: Line a tube pan with wax paper.
Step 3: Cream butter and sugar until light.
Step 4: Beat in eggs, one at a time, beating well after each. Add vanilla extract.
Step 5: Beat in peanut butter slowly.
Step 6: Sift flour with baking powder and salt.
Step 7: Stir into butter mixture, a little at a time, until well blended.
Step 8: Pour batter into prepared tube pan sprinkle on peanuts
Step 9: And bake for 45 minutes.
Step 10: Reduce heat to 325 degrees F, and bake until cake tests done, 15 to 20 minutes longer.
Step 11: Cool in pan on rack 10 minutes before removing to rack to cool completely.
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