1 stick butter
1/2 c. peanut butter
1 c. chocolate chips
6 c. Rice Chex cereal
2 c. powdered sugar

Melt butter and peanut butter in saucepan over medium heat, stirring occasionally. Reduce heat, add chocolate chips until melted. Pour sauce over Chex mix gently until cereal is coated. Swish around to help cover in large plastic bag. Add some sugar and cereal; toss until coated with sugar. Refrigerate until ready to serve. Nuts or dried fruit may be added.