2 sticks butter
3/4 c. peanut butter
12 oz. pkg. semi-sweet chocolate chips
12 oz. box Rice Chex
12 oz. can cocktail peanuts
16 oz. box powdered sugar

Melt together butter, peanut butter and chocolate chips. Place cereal, peanuts and powdered sugar in large bowl. Add melted mixture to cereal and nuts, stir to coat cereal. Pour 1/3 box of powdered sugar in large brown paper bag and 1/3 of mixture. layer until all gone. Fold sack down at top and shake until all is coated. Spread out on waxed paper and let cool. Makes ice cream pail full. ENJOY!!!