9 c. Chex cereal
1/2 c. peanut butter
1 c. milk chocolate chips
1/4 c. butter
1 1/2 c. powdered sugar

Measure cereal into large bowl; set aside. Heat chocolate chips, peanut butter and butter in 1-quart saucepan over low heat, stirring frequently until melted. Pour chocolate mixture over cereal in bowl, stirring until evenly coated. Pour into large bag; add powdered sugar. Seal and shake until well coated. Spread onto waxed paper to cool. Store in refrigerator.