1 stick butter
1 (12 oz.) jar creamy peanut butter
1 lb. chocolate chips or Reese's pieces
1 (12 oz.) box Rice Chex
1 lb. powdered sugar

Bring butter, peanut butter, and chips to a boil. Pour over Rice Chex. Place powdered sugar in large brown bag. Add cereal mixture and shake until coated. Pour in large bowl. Enjoy.