1. Into large bowl, measure cereal; set
2. In 1-quart microwavable bowl, microwave
chocolate chips, peanut butter and butter
uncovered on High 1 minute; stir. Microwave about
30 seconds longer or until mixture can be stirred
smooth. Stir in vanilla. Pour mixture over cereal,
stirring until evenly coated. Pour into 2-gallon
resealable food-storage plastic bag.
3. Add powdered sugar. Seal bag; shake until
well coated. Spread on waxed paper to cool. Store
in airtight container in refrigerator.