Good-Cooking - Peanut Butter and Jelly Cake

Ingredients

• 2 cups sifted all-purpose flour
• 2 teaspoons baking powder
• 1/2 teaspoon salt
• 1/2 cup butter or shortening (at room temperature)
• 1/2 cup creamy-style peanut butter or reduced-fat peanut butter
• 1 cup granulated sugar
• 1/2 cup light brown sugar, firmly packed
• 2 extra large or jumbo eggs, at room temperature and slightly beaten
• 1 teaspoon vanilla extract
• 1 cup milk or reduced-fat or skim milk
• 1 (12 ounce) jar strawberry preserves or seedless red raspberry or grape jam
• About 1/2 to 3/4 cup chopped peanuts for garnish (optional)