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In a saucepan, combine sugar, milk, margarine, and cocoa. Over low to medium heat, heat until mixture comes to full boil, stirring constantly. Reduce heat to low and cook 1 1/2 minutes.
Stir in oats, nuts, peanut butter, and vanilla extract. Mix well. Drop by spoonfuls onto wax paper. Let sit until hardened. DO NOT REFRIGERATE!
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