9 c. your favorite Chex brand cereals (corn, rice, wheat or multi-bran)
1 c. semi-sweet chocolate chips
1/2 c. peanut butter
1/4 c. butter
1/4 tsp. vanilla
1 1/2 c. powdered sugar

Measure out ingredients. Pour cereal into large bowl and set aside. Combine chocolate pieces, peanut butter and butter in 1-quart microwave-safe bowl. Microwave on HIGH 1-1 1/2 minutes or until smooth. Stir in vanilla.

Pour chocolate mixture over cereal, stirring until all pieces are evenly coated. Then pour cereal mixture into large resealable plastic bag with powdered sugar. Seal securely. Shake until all pieces are well-coated. Spread on waxed paper to cool.