Cups Chex cereal (I use Rice Chex)
(6 oz) bag (1 Cup) semisweet chocolate chips
Cup peanut butter
Cup margarine or butter
Cups powdered sugar
Microwave chocolate chips, peanut butter & margarine in a medium microwave safe bowl for 1 minute; stir. Microwave 30 seconds longer or until smooth when stirred. Stir in vanilla. Pour cereal into large bowl & pour chocolate mixture over it, stirring until evenly coated. Pour into large food storage bag; add powdered sugar, seal and shake until well covered. Spread on waxed paper to cool.