Note: Recipe was given to Kelly from Susan Owenhouse, a lady she worked for in college. I've also made this recipe with Crispix cereal.
1 C chocolate chips
1/4 C peanut butter
6 C Rice Chex
1 C powdered sugar
Melt chocolate and peanut butter in heavy saucepan. Or microwave, stir every thirty seconds. Coat cereal and stir; immediately shake with powdered sugar in a bag.