Muddy Buddies

9 cups Rice Chex cereal
1 cup semisweet chocolate chips
1/2 cup peanut butter
1/4 cup butter or margarine
1 teaspoon vanilla
1-1/2 cups powdered sugar

1. Measure cereal and place in a large bowl.
2. In medium 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.
3. Stir in vanilla.
4. Pour mixture over cereal, stirring until evenly coated. Pour into 2-gallon Ziploc bag.
5. Add powdered sugar. Seal bag. Shake until well coated. Spread on waxed paper to cool. Store in airtight container in refrigerator.

EVERYONE LOVES A GOOD MUDDY BUDDY OR TOO. I also encourage you to sing the 'My Buddy' song whilst making this.