Finely crush 30 of the Oreos, using a food processor if possible.
Combine Oreo crumbs with 1/2 c. softened butter and press into 9x9 inch pan to form crust.
Chill crust until firm.
In a medium mixing bowl, combine powdered sugar, 1/2 c. softened butter, milk, and vanilla.
Mix in medium-high speed 2-3 minutes.
Crush remaining 10 Oreos, leaving some larger pieces, and stir into powdered sugar mixture.
Spread mixture over top of crust and keep refrigerated until ready to serve.