Caramel Corn

12 qt Plain popped popcorn
1 lb Peanuts
2 c Butter or margarine
2 lb Packed brown sugar
1/2 c Dark corn syrup
1/2 c Molasses

Place popcorn in two large bowls. Mix 1/2 pound nuts in each bowl. In a 5-qt saucepan, combine remaining ingredients. Bring to a boil over medium heat; boil and stir for 5 minutes. Pour half of the syrup over each bowl of popcorn and stir to coat. Turn coated popcorn into a large roasting pan. Bake at 250 degrees for 1 hour. Remove from the oven and break apart while warm. Cool. Store in airtight containers.