1 (6 oz.) (1 c.) Nestle's butterscotch morsels
1/2 c. peanut butter
4 c. Kellogg's Rice Krispies
1 (6 oz.) (1 c.) Nestle's semi-sweet chocolate chips
1/2 c. sifted confectioners' sugar
2 tbsp. soft butter
1 tbsp. water

Melt butterscotch morsels with peanut butter in heavy saucepan over low heat, stirring constantly until well blended. Remove from heat. Add Rice Krispies, stirring until well coated with butterscotch mixture. Press half of cereal in 8 x 8 x 2 inch pan. Chill in refrigerator while preparing fudge mixture. Set remaining cereal mixture aside. Combine chocolate morsels, sugar, butter, and water; stir over hot water until chocolate melts and until mixture is well blended. Spread over chilled mixture. Spread remaining cereal mixture evenly over top. Press gently. Remove from refrigerator about 10 minutes before cutting into squares.