1 c. butter
1 c. peanut butter
1 c. chocolate chips (nestle's works best)
3 c. powdered sugar
8 to 10 c. Rice Chex

Melt butter, peanut butter, and chocolate chips in pan. Place 1 1/2 cups powdered sugar in a brown grocery sack. Pour liquid mixture over Rice Chex and stir well. Pour mixture into paper bag and add remaining 1 1/2 cups powdered sugar. Close sack tightly and shake well to coat. Pour out onto wax paper to "dry" for awhile. Kids really love this.