Steps:
- Preheat oven to 325°. Spray a 12-cup Bundt pan and set aside. Beat butter, sugars, and peanut butter at medium speed until fluffy. Add vanilla. Add eggs, one at a time, beating well after each addition. In a separate bowl, combine flour, baking powder, and salt. Gradually add to butter/sugar mixture, alternating with milk, beginning and ending with flour mixture. Stir in morsels. Spoon batter into prepared pan. Bake for 1 hour and 15 minutes to 1 hour and 25 minutes, until done. If necessary, cover top of cake with aluminum foil to prevent excess browning. Cool in pan for 10 minutes. Remove to a wire rack to cool completely. Garnish, if desired.
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