1 (12 oz.) pkg. of chocolate chips
1 c. peanut butter
1 stick butter
1 box cereal (Cheerios, Chex, etc.)
Powdered Sugar

Melt chips, butter and peanut butter. Remove from heat. Add cereal to slightly cooled chocolate mixture. Add until mixture will no longer coat cereal. You may use more than one kind of cereal. Put coated cereal and powdered sugar in a brown lunch bag and shake until cereal is covered with powdered sugar. You can also spread cereal on wax paper and sprinkle with powdered sugar.