2. In small saucepan over low heat melt chocolate chips, peanut butter and margarine until smooth, stirring often. Remove from heat; stir in vanilla.
3. Pour chocolate mixture over cereals, stirring until all pieces are evenly coated. Pour cereal mixture into large Glad-Lock resealable plastic bag with C&H Powdered Sugar. Seal securely and shake until all pieces are well coated. Spread on waxed paper to cool.
