Peanut Butter Picnic Cake

1/2 cups margarine
1 1/3 cups sugar
1/4 cup peanut butter
2 eggs
1 tsp. vanillla
2 cups flour
1 Tbs. baking powder
1 tsp. salt
1 cup milk
1 10-oz jar Strawberry Preserves or Grape Jelly
Peanut Butter Frosting (I've put recipe on bottom)

Cream margarine and sugar until light and fluffy. Blend in peanut butter, eggs and vanilla. Add combined dry ingredients alternately with milk, mixing well after each addition. Pour into two greased and floured 8 or 9 inch layer pans. Bake at 350, 35-40 minutes or until wooden pick inserted in center comes out clean. Cool 10 minutes remove from pans. Spread 2/3 cup preserves between layers. Frost with Peanut Butter Frosting. Decorate with additional preserves.

Peanut Butter Frosting:
1/4 cup margarine
1/4 cup peanut butter
1 tsp. vanilla
dash of salt
2 1/2 cups sifted confectioners sugar
3 tbs. milk

Cream margarine; blend in peanut butter, vanilla and salt. Add sugar alternately with milk, beating until light and fluffy.

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