1 pkg. (6 oz., 1 cup) semi-sweet chocolate morsels
1/4 c. peanut butter
1 c. peanuts (optional)
2 c. Rice Chex cereal
2 c. Corn Chex cereal
2 c. Wheat Chex cereal
1 c. powdered sugar

In large microwave-safe bowl, melt chocolate at HIGH for 1 minute. Stir and heat an additional 30 seconds at HIGH or until melted. Stir in peanut butter and peanuts. Gently stir cereal into chocolate-peanut butter mixture, until well coated. Place powdered sugar in 2-gallon storage bag. Add coated cereal to sugar and close bag. Gently toss cereal mixture until well coated. Store in airtight container in refrigerator.

Makes about 8 cups.