1 semi-sweet chocolate chips
1/2 c. peanut butter
1/4 c. butter
1 box peanut butter Captain Crunch cereal
2 c. powdered sugar

Place chocolate chips, peanut butter and butter in 2 cups Pyrex measuring cup. Microwave on high for 1 1/2 minutes. Stir.

Place 1 cup powdered sugar in a grocery bag (Giant Eagle Size). Pour in cereal. Pour melted ingredients over cereal. Pour 1 cup powdered sugar over all. Shake until well coated. Serve in a dog bowl.