8 cups Chex cereal
1 cup chocolate chips
1/2 cup peanut butter
1/4 cup butter
1/4 tspn. vanilla
1 1/2 cup powdered sugar
Pour cereal into large bowl and set aside. Combine chocolate chips, peanut butter, and butter in one-quart microwavable bowl. Microwave on high for 1-1 1/2 minutes or until smooth. Be sure to stir often so the mixture doesn't burn.
Stir in vanilla. Pour chocolate mixture over cereal and stir until all pieces are evenly coated. Pour powdered sugar over cereal, place lid on bowl and shake so that all pieces are coated well. Spread on wax paper to cool. Store in airtight container.
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