In a small bowl, combine mandarin oranges and pineapple. Spoon 2 tablespoons fruit into the bottom of 4 tall, clear glasses. Top fruit with 2-3 tablespoons whipped topping. Repeat layers until fruit is evenly distributed. Top each parfait with 1 tablespoon peanuts before serving.
* To add protein and calcium, top the first fruit layer in each parfait with 1/4 cup lowfat fruit yogurt (any flavor). Adds: 60 calories, 1 g fat, 1 g protein and 96 mg calcium.
* To add B vitamins, vitamin E, calcium and fiber, add 2 tablespoons wheat germ to the peanuts before sprinkling mixture over each parfait. Adds: 76 calories, 1 g fat, 4 g protein, 1 g fiber and 97 mg calcium.