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Mix granulated sugar, milk, peanut butter & corn syrup in sauce pan.
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Heat to a boiling over medium heat, stirring frequently.
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Boil & stir 1 minute; remove from heat. Cool, without stirring, until bottom of pan is lukewarm, about 45 minutes.
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Stir in nuts & vanilla, add powdered sugar until mixture is very stiff.
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Press into buttered loaf pan (9x5x3).
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Refrigerate until firm, about 30 minutes.
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Cut into 1 inch squares.