1 stick butter or margarine
1/2 cup peanut butter
1 cup chocolate chips
Melt ingredients together.
7 cups Rice or Corn chex*
Pour into a grocery sack (or other large bag): 2 1/2 cups powdered sugar
Add Chex mix and shake well.
I find it good to pour mixture into a colander and shake excess powdered sugar off as much as possible.
*I prefer to use Crispex cereal instead, especially if I can get it on sale. This year I used half Rice Chex and half Corn chex since they were what I found at a great price.