1 (12.3 oz.) pkg. Crispix cereal
1 (12 oz.) pkg. chocolate chips
3/4 c. peanut butter
2-3 c. powdered sugar

Combine chocolate chips and peanut butter. Melt in microwave or on stove top. Remove from heat.

In a large bowl; measure cereal. Pour chocolate mixture over top. Stir to coat the cereal. Add powdered sugar, put cover on bowl and shake gently until cereal mixture is coated.