In a large mixing bowl, cream butter; slowly beat in sugars.
Add unbeaten eggsand vanilla; beat until fluffy.
Sift flour with soda; add oats.
Stir into first mixture.
Stir in peanuts, chocolate bits.
Mix well.
Drop by teaspoon onto greased cookie sheet.
Bake at 375° for 12 min. Yield: 6 dozen.