1. Preheat oven to 350'F.

2. Grease 4 8" cake pans and dust with flour.

3. Separate eggs; put whites in small mixing bowl and set aside.

4. In lagre mixing bowl cream butter well, add sugar, and cream until smooth. Add egg yolks one at a time, mixing well after each addition. Add flour and milk alternately, mixing well, then add peanut butter and vanilla, blending well.

5. Beat egg whites until stiff; fold into prepared butter.

6. Pour into prepared pans and bake 25-30 minutes. Cool cake on rack at least 30 minutes, then frost.

*** Peanut Butter Frosting ***

In large saucepan melt butter. Add sugar, milk, peanut butter, and vanilla. Cook in top half of double boiler over simmering water, stirring frequently, until thick and creamy, approximately 20-25 minutes. Cool slightly. Sufficient to frost 4 8" layers.