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Preheat oven to 350 degrees. (325 degrees for glass dish). In large mixer bowl, combine cake mix, oil and egg; beat on medium speed until crumbly. Stir in peanuts. Reserving 1 1/2 cups crumb mixture, press remainder on bottom of greased 13 x 9 inch baking pan. In medium bowl, beat sweetened condensed milk with peanut butter until smooth; spread over prepared crust. Sprinkle with reserved crumb mixture. Bake 25 to 30 minutes or until set. Cool. Store loosely covered at room temperature.
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