Cherry Mash Candy

2 cups granulated sugar
2/3 cup evaporated milk
12 large marshmallows
1/2 cup butter
1 (6 ounce) package cherry chips
1 teaspoon vanilla extract
12 ounces chocolate chips
3/4 cup peanut butter
1 pound salted, chopped peanuts

Combine sugar, evaporated milk, marshmallows and butter. Cook over medium heat. When at boiling point, stir and boil 5 minutes. Remove from heat and add cherry chips and vanilla extract. Pour into a 13 x 9-inch pan and chill.

Melt chocolate chips and peanut butter. Remove from heat and add peanuts. Pour over first mixture and chill.