Preheat oven to 350 degrees.
Bake the cake in 2 round pans according to box directions. When cool, cut the cakes in half horizontally. Spread the jam on top of 3 layers, but not the top layer. Stack and create a 4-layer cake.
In a small saucepan, combine the peanut butter chips and milk, melting and stirring over medium-low heat until smooth. Remove from heat and combine this mixture with the frosting in a large bowl. Beat until thoroughly combined. Spread this icing over the top and sides of the cake.
This Peanut Butter and Jelly Cake recipe is from the Peanut Butter Sweets Cookbook. Download this Cookbook today.
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