6 oz. pkg. chocolate chips
2 tbsp. oil
1/4 c. creamy peanut butter
8 c. Chex or Crispix cereal
1 c. powdered sugar

Melt chocolate chips over low heat or in microwave with oil. Stir in peanut butter. Measure cereal into a large bowl. Pour mixture over cereal. Toss gently until well coated. Put sugar in large plastic bag. Add coated cereal and shake. Store in covered container.