1-1/2 pkg. (4 oz. each) BAKER'S White Chocolate (6 oz.)
1/2 cup creamy peanut butter
1/3 cup water
1 pkg. (3.4 oz.) JELL-O Butterscotch Flavor Instant Pudding
3 cups powdered sugar
6 Tbsp. chopped PLANTERS Dry Roasted Peanuts
Line 8-inch square pan with foil, with ends of foil extending over sides. Microwave first 3 ingredients in large microwaveable bowl on HIGH 2 min.; stir until chocolate is completely melted and mixture is well blended.
Add dry pudding mix; stir with whisk 2 min. Gradually stir in sugar; press onto bottom of prepared pan. Top with nuts; press gently into fudge to secure.
Refrigerate 2 hours or until firm. Use foil handles to lift fudge from pan before cutting into pieces.