1 (6 oz.) pkg. semi-sweet chocolate morsels
1/4 c. vegetable oil
1/4 c. creamy peanut butter
6 c. Crispix cereal
2 c. powdered sugar

1. In small bowl, combine chocolate chips and oil. Microwave on high 1 1/2 minutes or until melted. Stir in peanut butter. Pour mixture over Crispix cereal.

2. Place powdered sugar into gallon size storage bag. Add coated cereal and close bag tightly. Shake bag gently until cereal is thoroughly coated with sugar. Refrigerate in airtight container.