9 c. of Chex brand cereals (pick one kind or mix corn, rice, etc.)
1 c. semi-sweet chocolate chips
1/2 c. peanut butter
1/4 c. (1/2 stick) butter
1/4 tsp. vanilla extract
1 1/2 c. powdered sugar

Combine chocolate chips, peanut butter, butter in 1 quart microwave-safe bowl. Microwave on high 1 to 1 1/2 minutes or until smooth, stirring after 1 minute. Stir in vanilla.

Put cereal in large bowl. Pour chocolate mixture over cereal until pieces are evenly coated. Then pour cereal mixture into large resealable plastic bag with powdered sugar. Shake until all pieces are well coated, spread on waxed paper to cool. Store leftovers in airtight container.