Photo: Randy Mayor; Styling: Lydia DeGaris-Pursell
20 servings (serving size: 1 wedge)

Treat yourself to a light version of peanut butter pie. It tastes like eating a peanut butter and chocolate candy bar, but lightened ingredients like reduced-fat peanut butter, fat-free condensed milk, and light cream cheese keep fat and calories in check without sacrificing any flavor. 

How to Make It

Step 1

Combine the first 3 ingredients in a large bowl; beat with a mixer at medium speed until smooth. Add the condensed milk, and beat until combined. Stir in the whipped topping. Divide the mixture evenly between shells; chill 8 hours or until set (pies will have a soft, fluffy texture). Cut into wedges, and drizzle with chocolate syrup.

Step 2

Note: We loved this pie frozen--its texture is more like that of an ice-cream pie.

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Ratings & Reviews

golddome's Review

June 26, 2011
This pie is AWESOME ! I made it just as the recipe states and it turned out great. It has fantastic taste without being overwhelming. Try it - - you won't be disappointed!

Dominogurlz's Review

November 12, 2011
Bakergirlmd-if you want to submit your own recipe, please do so but don't tell others to try yours instead. We are supposed to be rating this pie, not yours.

AARandy's Review

November 12, 2011
Every time I make this, everyone raves about it! Absolutely delicious!! I do cut the amount powdered sugar in 1/2.

annagarzon's Review

December 02, 2009
This pie was great. It was super easy to make and kept well in the fridge and freezer. It thawed quickly, and was not very good once it was warm, but that is the only complaint! I will definitely be making this again.

cheftami's Review

May 24, 2009
This was delicious, and I don't even like peanut butter! I made it for my husband and he loves it. I followed other reviewers' suggestions and omitted the powdered sugar. (The pie is so sweet, I cannot imagine it with the sugar.) I also drizzled Hershey's Light Syrup on top. I keep it in the freezer and it tastes like an ice cream pie.

FaithCooks's Review

June 11, 2012

ktleyed's Review

November 14, 2013
This is to die for! Granted, couldn't find fat free condensed milk or low fat graham cracker crust - or low fat peanut butter - LOL! The only one I could find was the Free Cool Whip and cream cheese, but I bet it would still be great! Froze the 2nd one, a real keeper!

rstarrlemaitre's Review

January 06, 2013
Tastes exactly like Reese' pieces, except light and fluffy instead of hard-shelled candy! Might try with real pie crust instead of graham cracker crust next time.

momofboys75's Review

December 28, 2008
This pie is absolutely DELICIOUS! I've made it twice and both times everyone asked for the recipe. I serve it frozen - it is a bit sweet, will try next time to use half the sugar...but it is amazing - I love the fact that it makes 2 pies, so convenient and this recipe is super easy and quick.

jkgmba's Review

November 14, 2013
Excellent recipe and super easy. I put in 1/2 the powered sugar called for when I made it and I will leave it out entirely next time. I served it frozen and it was a hit.