1 c. chunky peanut butter
1 cube butter
1 (12 oz.) pkg. chocolate chips
1 (12 oz.) box Rice Chex or other Chex cereal
2 c. powdered sugar

Melt butter, chocolate chips and peanut butter over low heat. Pour over cereal in large bowl. Stir to coat cereal completely. Put powdered sugar in large brown paper bag. Add chocolate coated cereal. Close bag and shake. Gently but thoroughly to coat. Freezes well.