In a large bowl, mix 4 ounces cream cheese and ¼ cup butter. Use an electric mixer to beat in 1 pound of confectioner's sugar, adding a little at a time. Roll out on waxed paper and form into a rectangle about ¼-inch to 3/8-inch thick. Spread evenly with 1 cup peanut butter. Roll into a log and trim ends. Roll in chopped pecans, if desired. Chill thoroughly before slicing into 3/8-inch slices. Place on a nice serving plate. Keep chilled until ready to serve, and put any remaining pieces of candy in the refrigerator to store. This is a delicious treat that is pretty, and almost everyone likes it! Enjoy!
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