3/4 stick butter
3/4 c. peanut butter
1 (12 oz.) pkg. chocolate chips

Melt in microwave or on stove top. In large bowl, pour a box of Chex cereal (your favorite); pour chocolate mixture over and stir until covered. In large grocery sack, put 1 1/2 cups powdered sugar. Pour in chocolate covered Chex; roll top; shake until covered. Spread on wax paper to cool and dry.

Choco-Peanut Butterscotch Chex: Same as above; increase butter to 1 stick and use 1 (6 oz.) pkg. butterscotch chips and 1 (9 oz.) pkg. chocolate chips.