1 (6 oz.) bag (1 c.) peanut butter morsels
1/2 c. peanut butter
4 c. Rice Krispies
1 tbsp. water
1 (6 oz.) pkg. (1 c.) chocolate chip morsels
1/2 c. confectioners' sugar
2 tbsp. butter, softened

Melt peanut butter morsels with peanut butter in heavy saucepan over low heat, stirring constantly until well blended. Remove from heat. Add Rice Krispies, stirring well until coated. Press half the mixture into buttered 8x8x2 inch pan. Chill in refrigerator while you prepare fudge mixture. Set remaining cereal aside.

Combine chocolate morsels, sugar, butter, and water into double boiler until chocolate melts and it is well blended. Spread over chilled cereal mixture. Spread remaining cereal mixture evenly over top. Press in gently. Chill. Remove from refrigerator 10 minutes before cutting into squares.