9 c. of your favorite Chex cereals
1 c. chocolate chips
1/2 c. peanut butter
1/4 c. butter
1/4 tsp. vanilla
1 1/2 c. powdered sugar

Pour cereal into a large bowl and set aside. Combine chips, peanut butter and butter in a 1 quart bowl and microwave on high up to 1 1/2 minutes, or until smooth, stirring after 1 minute. Stir in vanilla. Pour over cereal and stir until all pieces are coated. Pour cereal into large resealable bags, add sugar and shake until well coated. Spread on waxed paper to cool.