1 stick butter
1 (12 oz.) pkg. chocolate chips
1 c. peanut butter
1 c. dry roasted peanuts
1 (15 oz.) box Chex cereal
2 c. powdered sugar

Melt first 2 ingredients in a double boiler. Stir in peanut butter and cook 2 minutes. Stir constantly. Remove and stir into cereal and peanut butter. Cool well, but be careful it's hot!! Put 1 cup powdered sugar, 1 large paper grocery bag. Shake all of mix in bag. Add 1 more cup powdered sugar and shake again.