3/4 c. butter
3/4 c. creamy peanut butter
1 (12 oz.) pkg. Reese's peanut butter chips
1 box Rice Chex
1 lb. pkg. powdered sugar

Melt butter, peanut butter, and peanut butter chips over low heat. Put Rice Chex in large pan with sides. Pour melted mixture over Rice Chex, and stir to cover completely. Put powdered sugar into paper bag. Put Chex mixture into powdered sugar. Close bag tightly and shake bag to coat Chex mixture completely with powdered sugar.