Non-stick spray coating
1 1/2 lbs. chocolate flavored confectioners' coating
14 c. popped popcorn
3 c. crisp rice cereal
2 c. dry roasted peanuts
3 tbsp. peanut butter

Spray large cookie sheet with non-stick coating, set aside. In a large microwave safe bowl, combine confectioners' coating and peanut butter. Micro-cook on 100% power (high) for 2 to 3 minutes or until chocolate is melted, stirring after every minute.

Meanwhile, in a large bowl combine popcorn, cereal and peanuts. Pour warm melted chocolate over popcorn mixture, tossing to coat well. Spread onto prepared cookie sheet, cool thoroughly. Break apart and store in tightly covered container for up to 5 days.