Chex Muddy Buddies
9 C Rice Chex Cereal
1/4 C butter or margarine
1 C chocolate chips
1/2 C peanut butter
1 tsp vanilla
1½ C powdered sugar
Pour cereal into a large bowl; set aside
In a 1-quart microwave safe bowl, combine chocolate chips, peanut butter and butter. Microwave on high 1-1½ minutes or until smooth, stirring after 1 minute. Stir in Vanilla. (this step can also be done on the stove in a sauce pan over medium heat)
Pour Chocolate mixture over cereal, stirring until all peaces are evenly coated. Pour cereal into a large re-sealable bag with powdered sugar. Seal securely and shake until all pieces are well coated. Spread on wax paper to cool.