9 cups your favorite Chex cereals
1 cup semi-sweet chocolate chips
1/2 cup peanut butter
1/4 cup butter or margarine
1 tsp vanilla
1 1/2 cups powdered sugar
Pour the cereal into a large heat-proof bowl; set aside.
In a 1-quart microwave bowl, combine chocolate chips, peanut butter, and butter. Microwave on high 1 to 1 1/2 minutes or until smooth when stirred (stir after 1 minute). Stir in the vanilla and pour mixture over the cereal, stirring until evenly coated.
Pour cereal mixture into a jumbo zip-top plastic bag with the powdered sugar. Be sure to seal bag well then shake until the cereal is well coated. Spread out on waxed paper to cool.
May be stored in plastic bags or airtight containers. May be frozen in plastic freezer bags, if desired.
Note: Do not use a reduced-fat margarine as it may cause the chocolate mixture to clump and not coat the cereal evenly.