3 c. Rice Chex cereal
3 c. Corn Chex cereal
1 stick butter
1 c. creamy peanut butter
1 (12 oz.) pkg. peanut butter chips

Mix and heat butter, peanut butter and chips. Pour over cereals, mixed. Pour powdered sugar into a paper bag, then add cereal. Shake bag until cereal is coated with sugar.