1/4 cup butter
1/2 cup creamy peanut butter
1 cup chocolate chips
1/2 tsp vanilla
2 cups powdered sugar
Add cereal to large mixing bowl.
Melt butter, peanut butter, and chocolate chips on stove top or in microwave.
Remove from heat and stir in vanilla.
Pour over cereal and mix to coat evenly.
Pour chocolate covered cereal into large zip-topped plastic bag, add powdered sugar and shake well to coat.