Chex Muddy Buddies

9 cups Rice Chex, Corn Chex, Chocolate Chex or Honey Nut Chex
1 cup semisweet chocolate chips
1/2 cup peanut butter
1/4 cup butter or margarine
1 tsp vanilla
1 1/2 cup powdered sugar

Measure Chex cereal into a large bowl and set aside

Microwave chocolate chips, peanut butter and butter uncovered on high for 1 minute in a microwave safe bowl (about 1 quart).  Stir and then microwave another 30 seconds or until mixture is smooth. 

Stir in vanilla.

Pour mixture over cereal, carefully stirring until well coated.  When coated pour into a 2 gallon bag or storage container.

Add powdered sugar.  Seal bag or container.  Shake until well coated.  Spread on waxed paper to cool.

Store in airtight container in fridge. 

***This sweet treat is AKA "puppy chow".  It is a favorite of mine.  I'm sure most of you have already made this, tasted it or seen the recipe floating around the internet or Chex cereal box.  I added it to this blog for location purposes.  I'm so used to keeping my recipes here so I can access them anywhere.

*The picture above is not mine.  It is from the Betty Crocker website.