1 lg. box Chex cereal
12 oz. bag milk chocolate chips
1 stick butter
1 c. peanut butter
1 lb. powdered sugar

On medium heat, mix chips, butter, and peanut butter. When blended, pour over cereal in large bowl until well coated. Sprinkle with 1 pound powdered sugar to coat pieces. Spread out on large cookie sheet until dry enough to put into Ziploc bags. (If sticky, add more powdered sugar.)