Place butterscotch chips in a 2 quart microwave safe container.
Microwave on high for 1 minute; stir. Microwave on high for 30 seconds longer.
Stir until smooth.
Add peanut butter, stir to blend.
Add peanuts and noodles; stir until well coated.
Form into clusters on wax paper or aluminum foil.
Allow to harden.