1 stick butter
1 (12 oz.) pkg. chocolate chips
3/4 c. peanut butter
1 (12 oz.) box Chex/Crispix
2 c. powdered sugar

Mix butter, chocolate chips, and peanut butter. Melt in microwave. Add box of cereal. Put powdered sugar in a large paper bag. Pour cereal mixture into bag and shake. Spread on waxed paper to cool.