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Chocolate & Peanut Butter Truffles

3/4 cup butter
1 cup peanut butter chips
1/2 cup unsweetened cocoa powder
1 (14-ounce) can sweetened condensed milk (not evaporated milk)
1 tablespoon vanilla extract
Unsweetened cocoa powder, chocolate sprinkles or ground nuts

1. In large saucepan, melt butter and peanut butter chips over very low heat, stirring often. Add cocoa; stir until smooth.
2. Stir in sweetened condensed milk; stir constantly about 4 minutes or until mixture is thick and glossy. Remove from heat; stir in vanilla.
3. Refrigerate 2 hours or until firm enough to handle.
4. Shape into 1-inch balls; roll in cocoa, chocolate sprinkles or ground nuts. Refrigerate until firm, about 1 hour. Store, covered, in refrigerator.

Makes about 3 1/2 dozen candies.