PREHEAT oven to 375° F.
COMBINE flour, baking soda and salt in small bowl. Beat butter, peanut butter, granulated sugar, brown sugar and vanilla extract in large mixer bowl until creamy. Add eggs, one at a time, beating well after each addition. Gradually beat in flour mixture. Stir in morsels and raisins. Drop by rounded tablespoon onto ungreased baking sheets.
BAKE for 10 to 11 minutes or until golden brown. Cool on baking sheets for 2 minutes; remove to wire racks. While cookies are still warm, make a slight depression in tops of cookies with back of measuring half teaspoon. Cool completely. Fill each depression with 1/4 teaspoon jelly.
Grape not your flavor? Five ounces of dried strawberries and strawberry jelly or jam can be substituted for the raisins and grape jelly or jam.