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Break banana into chunks and put into a small blender jar.
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Add the skim milk.
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Liquify in blender.
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Put the dry oatmeal in a microwave safe bowl. (If you want to mix it ahead of time, use a small microwave safe dish which has a lid).
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Pour the banana mixture on top of the oatmeal.
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Stir well, to incorporate all the oatmeal.
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Microwave (uncovered) on high setting for 90 seconds.
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Stir.
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Microwave again for about 90 seconds.
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If it starts to rise over the top of the bowl, stop the cooking, because it is most likely already done!
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Stir in peanut butter.