No Bake Butterscotch Cookies

1 package Butterscotch morsels
3/4 cup Peanut butter
4 cups Corn flakes (not frosted)
1 cup Peanuts

Melt butterscotch morsels and peanut butter over low heat in saucepan. In separate bowl, mix the corn flakes and peanuts. Pour the melted mixture over dry mixture and fold together until evenly coated. Drop by teaspoonfuls onto waxed paper. Refrigerate cookies until firm and serve.