1 (12 oz.) pkg. chocolate chips
6 tbsp. butter
1 c. peanut butter
1 (12.3 oz.) box Crispix cereal
3 c. powdered sugar

Melt chocolate chips, butter and peanut butter over low heat. Pour melted mixture over cereal. Mix so as to coat all cereal. Put this mixture in a large paper bag with 2 cups powdered sugar. Shake vigorously. Add 1 more cup powdered sugar. Shake. Empty on flat surface to dry.