8 c. Rice Krispies
12 oz. butterscotch chips
1 c. powdered sugar
1 c. peanut butter
12 oz. chocolate chips

FROSTING:

4 tbsp. butter
2 tbsp. water

Combine Rice Krispies, peanut butter and butterscotch chips. Press into buttered 9"x11" pan. Frosting: Melt chocolate chips, powdered sugar, water and butter. Spread on cereal mixture. Refrigerate.