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1. Cream sugar and margarine in medium bowl. Slowly stir in milk and cocoa powder.
2. Transfer to saucepan.
3. Bring to a boil over medium high heat and boil for 3 minutes.
4. Remove from heat and stir in vanilla extract, rolled oats and peanut butter.
5. Beat until smooth.
6. Drop by teaspoonfuls onto waxed paper. Let cool.
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