1 stick butter
1/2 c. peanut butter
1 (6 oz.) pkg. chocolate chips
10 c. Corn or Rice Chex
2 1/2 c. powdered sugar

Pour melted mixture over cereal in a large bowl with a lid. Stir some and then cover and shake. Pour powdered sugar into a large paper bag. Add cereal and shake well. Spread to dry.