In a small saucepan heat butter, peanut butter and honey until completely melted.
Place oats in a large mixing bowl. When peanut butter mixture is melted, pour it over the oats and mix to coat.
Add in raisins & M&M's. Gently mix in to evenly disperse throughout cookie dough.
Drop cookies by ¼ cups onto a piece of parchment paper. Shape cookies into a circle and make them as rounded or flat as you prefer.
Allow the cookies to cool completely before moving to an airtight container. Store at room temperature or refrigerator.