9 c. favorite Chex brand cereal
1 c. chocolate chips
1/2 c. peanut butter
1/4 c. butter (1/2 stick)
1 tsp. vanilla
1 1/2 c. powdered sugar

Place cereal in large bowl and set aside. In a small saucepan over low heat, melt chocolate chips, peanut butter, and butter until smooth, stirring often. Remove from heat, and stir in vanilla. Pour over cereal. Mix. Place cereal and sugar in bag and shake until coated. Cool on waxed paper. Store in airtight container.