In a mixing bowl, stir together powdered sugar, creamy peanut butter and butter or margarine until well combined. Shape candy into 1 inch balls. Place balls on a baking sheet and freeze until firm. Melt dipping chocolate in microwave according to package directions. Dip frozen peanut butter balls into dipping chocolate one at a time and place back on baking sheet.
Freeze dipped chocolates until firm.
I used to dip the peanut butter balls in melted chocolate chips combined with butter. The dipping chocolate goes so much faster, though, and it a better "candy" look. The coating stays hardened even when the candies aren't frozen. In the Midwest, I purchase what's called "almond bark" in chocolate and vanilla and melt it in a glass measuring cup in the microwave. Fast and easy! My daughter has a friend who prefers the balls dipped in the vanilla flavor.
Per Serving: 107 Calories; 7g Fat (55.0% calories from fat); 2g Protein; 11g Carbohydrate; trace Dietary Fiber; 1mg Cholesterol; 55mg Sodium.
Exchanges: 1 Fat; 1/2 Other Carbohydrates.