1 (6 oz.) pkg. (1 c.) Nestle's butterscotch morsels
1/2 c. peanut butter
4 c. Kellogg's Rice Krispies cereal
1 tbsp. water
1 (6 oz.) pkg. (1 c.) Nestle's semi-sweet chocolate morsels
1/2 c. sifted confectioners' sugar
2 tbsp. soft butter

Melt butterscotch morsels with peanut butter in heavy saucepan over very low heat, stirring constantly until well blended. Remove from heat. Add Rice Krispies cereal; stir until well coated with butterscotch mixture. Press half of cereal mixture into buttered 8x8x2 inch pan. Chill in refrigerator while preparing fudge mixture. Set remaining cereal mixture aside.

Combine chocolate morsels, sugar, butter and water in top of double boiler; place over hot water and stir until chocolate melts and mixture is well blended. Spread over chilled cereal mixture. Spread remaining cereal mixture evenly over top. Press in gently. Chill. Remove from refrigerator for about 10 minutes before cutting into squares. Yield: about 25 (1 1/2 inch) squares.