Melt chocolate morsels, butterscotch morsels, and peanut butter together in large saucepan over very low heat, stirring constantly until smooth. Remove from heat. Add Rice Krispies cereal and peanuts. Stir until well coasted. Drop by level measuring tablespoon onto waxed paper or buttered baking sheets. Refrigerate until firm. Yield: about 4 dozen, 1 1/2 inches in diameter. Variation: Mixture may be pressed into buttered 9 x 9 x 2-inch pan. Cut into squares when form. Yield: 36 squares 1 1/2 x 1 1/2 inches