CHEX MUDDY BUDDIES

9 cups Corn Chex cereal
1 cup semi-sweet chocolate chips
½ cup peanut butter
¼ cup margarine or butter
1 tsp. vanilla extract
1½ cups powdered sugar

In 1 quart microwave-safe bowl, combine chocolate chips, peanut butter, and butter. Microwave on HIGH for 1 to 1½ minutes or until smooth, stirring after 1 minute. Stir in vanilla.

With cereal in large bowl, pour chocolate mixture over cereal, stirring until all pieces are evenly coated. Pour cereal mixture into a large resealable plastic bag with powdered sugar. Seal securely and shake until all pieces are well coated. Spread on waxed paper and let cool.