Cream together both sugars, butter and peanut butter.
Add vanilla and beaten eggs; mix. Add baking powder, baking soda and flour and mix well.
Cut Snickers bars in half. Wrap dough around each bar half, forming a ball. Place on ungreased cookie sheet.
Cookies will flatten as they bake with candy bar as center filling. Bake at 350° for 12 to 18 minutes or until light golden brown.