Cheery cherry rolls

1. Directions: melt marshamallows in water over low heat; remove from heat.
2. Add cherries, 2 cups sugar and vanilla; mix well.
3. Sprinkle pastry cloth or board with remaining sugar.
4. Kneadi cherry mixture for 2 to 3 minutes or until > smooth; shape into 3 rolls, ¾ inch in diameter by 6 inches long.
5. Let stand at room temperature for 30 minutes.
6. Melt caramels and cream in saucepan; remove from heat.
7. Spread rolls with thick layer of caramel; roll in peanuts.
8. Wrap rolls in waxed paper or plastic wrap.
9. Let stand at room temperature for 1 to 2 hours.
10. Cut into ½ inch slices.
11. Yield: about 3 dozen rolls.