Buckeyes

In large bowl mix together 1 pound softened butter, 2 pounds peanut butter and 3 pounds confectionery sugar.  Mix until well blended.  Form into 1 inch balls; place on wax paper lined baking sheet.  Place in refrigerator to chill.  In double boiler melt chocolate chips over water.  Dip balls into chocolate using toothpick to hold peanut butter ball.  Place on wax paper lined baking sheet and chill until chocolate is set.