1 pkg. (10 oz.) mini pretzels
5 c. cheerios
5 c. corn Chex
2 c. salted peanuts
1 lb. M&M
2 pkg. (12 oz. each) vanilla chips
3 tbsp. vegetable oil

In large bowl, combine first five ingredients; set aside. In microwave safe bowl, heat chips and oil on medium high 2 minutes. Stirring over. Microwave on high for 10 seconds; stir until smooth. Pour over cereal mixture and mix well. Spread onto three wax paper lined baking sheets. Cool and break apart. Stir into airtight container.

Yields 5 quarts.