9 c. your favorite Chex brand cereals (Wheat, Rice, Corn)
1 c. semi-sweet chocolate pieces
1/2 c. peanut butter
1/4 tsp. vanilla
1/2 c. powdered sugar

Place cereal in large bowl; set aside. In small saucepan over low heat melt chocolate pieces, peanut butter and butter until smooth, stirring often. Remove from heat. Stir in vanilla. Pour over cereal, stirring until all pieces are evenly coated.

Place cereal mixture and sugar in a large resealable plastic bag. Shake until all pieces are coated. Spread on wax paper to cool. Store in airtight container.