Cut butter into flour using a pastry blender until mixture resembles coarse meal; stir 2/3 cup peanuts into flour mixture.
2
Press peanut mixture into a 13- x 9- x 2-inch pan.
3
Bake at 350 °F for 20 minutes; cool completely.combine cream cheese, peanut butter, and powdered sugar in a mixing bowl; beat at medium speed of an electric mixer until fluffy.
4
Stir 1 cup whipped topping into cream cheese mixture.
5
Spread over crust; chill.combine pudding mixes and milk; beat 2 minutes at medium speed of an electric mixer.
6
Spread pudding over cream cheese layer.
7
Spread remaining whipped topping over pudding layer.
