Perfect for family holiday gatherings.
9 c. Chex cereal (corn, rice, and/or wheat)
1 c. semisweet chocolate chips
1/2 c. peanut butter
1/4 c. margarine
1 tsp. vanilla extract
1 – 1 1/2 c. powdered sugar
Pour cereal into large bowl; set aside. In 1-quart microwave-safe bowl combine semi-sweet chocolate chips, peanut butter, and margarine. Microwave on HIGH 1 to 1-1/2 minutes or until smooth, stirring after 1 minute. Stir in vanilla. Pour chocolate mixture over cereal, stirring until all pieces are evenly coated. Pour cereal mixture into a large resealable plastic bag with powdered sugar. Seal securely and shake until all pieces are well coated. Spread on waxed paper to cool.