8 oz. vanilla flavored candy coating, finely chopped
1/2 c. peanut butter
3 c. Honey Nut Cheerios cereal
1 c. salted peanuts

Cover and heat candy coating in heavy 10 inch skillet over very low heat until soft, about 5 minutes. Remove from heat; stir until smooth and creamy. Mix in peanut butter; stir in cereal until well coated. Stir in peanuts. Drop by rounded tablespoons onto waxed paper-covered cookie sheet. Refrigerate until firm, about 1 hour. Refrigerate any remaining candies. About 2 dozen candies.