1 stick butter
1 (6 oz.) pkg. butterscotch chips
1/2 c. peanut butter
1 box crispy rice squares cereal (12 oz.)
1 box powdered sugar

Melt butter, peanut butter and chips together. Pour over cereal, coating well. Put 1/4 box sugar and 1/4 of mixture into a bag, shaking to coat. Do remaining mixture the same way. Store in tightly covered container.