8 c. Golden Graham or Rice Chex
1 stick butter
1/2 c. peanut butter
1 c. chocolate chips
2 to 2 1/2 c. powdered sugar

Melt butter, peanut butter and chips in microwave. Stir to blend. Put cereal in a very large bowl and pour chocolate mixture over it. Mix to cover all cereal. Put 1 c. powdered sugar in paper bag and add cereal. Put remaining sugar over cereal and shake gently until chocolate is covered. Place on cookie sheet to cool.