1 c. (2 sticks) butter, softened
1/2 c. firmly packed brown sugar
1/2 c. granulated sugar
2 eggs
1 tbsp. water
1 tsp. vanilla extract
1 1/4 c. flour
1/2 tsp. baking soda
1 (11 1/2 oz.) pkg. (2 c.) Nestles milk chocolate morsels
2 1/2 c. wheat flake cereal, divided
1 c. peanuts, chopped
1 c. raisins

Preheat oven to 350 degrees. Grease 13 x 9 inch baking pan. In large mixer bowl, beat butter, brown sugar and granulated sugar until creamy. Beat in eggs, water and vanilla extract. Gradually beat in flour and baking soda. Stir in milk chocolate morsels, 2 cups cereal, peanuts and raisins. Spread in prepared pan. Sprinkle with remaining 1/2 cup cereal.

Bake 30 to 35 minutes until golden brown. Cool completely. Cut into 2 x 1 inch bars. Makes 5 dozen bars.