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Combine the butter, brown sugar, and milk in a large saucepan. Bring mixture to a boil over
medium heat, stirring occasionally, until mixture comes to a full rolling boil. Continue to boil for 3 minutes, without stirring. Remove from heat and add peanut butter, vanilla and oatmeal. Mix well. Drop mixture by tablespoonfuls onto prepared (with waxed paper) baking sheets. Cool and store in refrigerator.
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