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Prepare cake according to package directions. Bake in 9x13 inch baking pan. Cool. Poke holes in cake with the handle of a wooden spoon. Pour condensed milk evenly over cake and into holes.
In a large mixing bowl, combine strawberries and whipped topping. Spread on top of cake and sprinkle with peanuts. Chill for 1 to 2 hours before serving.
By Robin from Washington, IA
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