Triple Treat Sauce

12 ounces chocolate chips
11 ounces butterscotch chips
1 cup creamy peanut butter
12 ounces evaporated milk
1/2 cup coarse chopped dry roasted peanuts

Microwave chocolate morsels, butterscotch morsels and peanut butter in large, microwave-safe bowl on MEDIUM-HIGH (70%) power for 1 minute; stir. Microwave at additional 10- to 20-second intervals, stirring until smooth. Whisk in evaporated milk.

Stir in nuts.

Serve warm over ice cream or cake. Store remaining sauce tightly covered in refrigerator.

Makes 4 1/2 cups.

Source of Recipe: verybestbaking.com