8 c. Rice Chex cereal
1 c. chocolate chips
1/2 c. smooth peanut butter
1/2 c. butter
2 c. powdered sugar

Melt butter in microwave. Add chips and peanut butter; stir frequently until chips melt. In large bowl, pour over cereal until all is coated. Put cereal into plastic bag which has the powdered sugar in it. Shake to coat. Spread on wax paper or cookie sheet to harden. Store in air tight container. Looks like Puppy Chow, tastes great!