5 c. Frosted Flakes cereal
1 c. salted peanuts
1 (12 oz.) pkg. peanut butter morsels
1 (6 oz.) pkg. (1 c.) semi-sweet chocolate morsels

In large bowl, stir cereal and peanuts. Place peanut butter and chocolate morsels in a small microwavable bowl. Heat on high 2 minutes, stirring halfway through cooking. After cooking, stir until smooth. Pour melted morsels over cereal and peanuts, stirring until coated. Drop by spoon onto waxed paper-lined cookie sheet. Chill until set, approximately 15 minutes.

Stove method: Melt morsels over low heat. Remove from heat and stir in cereal and peanuts. 100 calories per serving.