1 (6 oz.) pkg. butterscotch chips
1/2 c. crunch style peanut butter
4 c. oven toasted rice cereal
1 tbsp. water
1 (6 oz.) pkg. semi-sweet chocolate chips
1/2 c. powdered sugar
2 tbsp. butter

In a large saucepan, combine butterscotch chips and peanut butter, heat until chips melt and mixture is smooth. Add cereal, mix well. Press half of cereal mixture into a buttered 8-inch square pan. Chill while preparing fudge mixture. Set remaining cereal mixture aside.

Combine over hot water, chocolate chips, powdered sugar, butter and water. Stir until chips melt and mixture is smooth. Spread over chilled cereal mixture. Spread remaining cereal over the top. Press and chill about 1 hour. Cut into 1 1/2 inch squares. Makes 25 squares.