Gather the ingredients. This is a short and sweet recipe so have everything ready to go!
In a microwave-safe bowl, combine the chocolate, peanut butter and butter. Cook for 1 minute; stir and microwave for an additional 30 seconds if needed.
Pour the chocolate onto the cereal and mix until all the cereal is coated.
Put the cereal and powdered sugar into a large zip-lock bag, seal closed, and shake, shake, shake!
9 c. Chex, Crispix, or similar cereal
1 c. semi-sweet chocolate chips
1/2 c. peanut butter
1/4 c. butter
1 t. vanilla
1 1/2 c. powdered sugar
Into a large bowl, measure cereal; set aside.
In a 1-quart microwaveable bowl, microwave chocolate chips, peanut butter and butter uncovered on high for 1 minute; stir. Microwave about 30 seconds longer or until mixture can e stirred smooth. Stir in vanilla. Pour mixture over cereal, stirring until evenly coated.
Pour cereal into a 2-gallon resealable zip-lock bag. Add powdered sugar. Seal bag; shake until well coated. Spread on waxed paper to cool. Store in airtight container in refrigerator.