Ingredients

1 stick butter
1 bag milk chocolate chips (semi-sweet or milk chocolate, whichever is preferred)
1 cup peanut butter
1 box Crispix (or whatever kind of Chex type cereal you like)
1 box powdered sugar (about two cups)

Melt butter and chocolate chips in a saucepan or large pot over medium heat. Stir in the peanut butter. Turn off heat. Pour in the Crispix and turn until completely coated. Toss the coated Crispix in a Ziplock bag with the powdered sugar. Spread on wax paper to cool