1 c. chocolate chips
1 stick butter
1/2 c. peanut butter
Rice Chex or Crispix cereal
2 c. powdered sugar

Melt chocolate chips, butter and peanut butter and pour over cereal. Mix cereal until coated. Put powdered sugar in a brown paper bag. Pour in cereal; fold over top. Shake until coated. Spread on waxed paper to cool.