1 stick butter
1 (12 oz.) pkg. chocolate chips
3/4 c. creamy peanut butter
1 lg. box Chex cereal
2 c. powdered sugar

Melt first 3 ingredients together. Stir in cereal. Gently mix until the cereal is well coated. In large grocery bag, place the powdered sugar. Add coated cereal. Shake until well coated and resembling puppy chow.