Chex Muddy Buddies

9 cups Corn, Rice, Wheat or Chocolate Chex cereal (or a combination)
1 cup semisweet chocolate chips
1/2 cup peanut butter
1/4 cup butter or margarine
1 tsp vanilla
1.5 cups powdered sugar

1. Measure cereal into a large bowl; set aside.

2. In a 1qt microwavable bowl, microwave chocolate chips, peanut butter and butter, uncovered, on high for 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.

Makes 18 1/2-cup servings.