Milk Chocolate Popcorn

12 cups popped popcorn
2 1/2 cups salted peanuts
1 (11.5 ounce) package NESTLEŽ TOLL HOUSEŽ Milk Chocolate Morsels
1 cup light corn syrup
1/4 cup butter or margarine

Preheat oven to 300 degrees F (150 degrees C). Grease a large roasting pan. Line a large bowl or serving plate with waxed paper.

Combine popcorn and nuts in prepared roasting pan.

Combine morsels, corn syrup and butter in medium, heavy-duty saucepan. Cook over medium heat, stirring constantly, until mixture boils. Pour over popcorn; toss well to coat.

Bake, stirring frequently, for 30 to 40 minutes. Cool slightly in pan; remove to prepared serving plate. Store in airtight container for up to two weeks.