9 cups corn or rice chex
1 1/2 cups chocolate chips
1/2 cup peanut butter
1/4 cup butter or margarine
1 tsp vanilla
1 1/2 cup powdered sugar
Measure cereal into a large bowl and set aside.
Microwave chocolate chips in one minute increments stirring after each minute. When you can see that the chocolate is starting to melt add the butter and peanut butter. Microwave another 30 seconds to a minute and stir until well combined and entirely melted. Add vanilla and stir to incorporate.
Pour mixture over cereal. Stir gently until cereal is coated. pour into a 2 gallon re-sealable bag and add powdered sugar. Shake the bag until well coated. Store in an airtight container in the fridge! Enjoy!