Mix butter, peanut butter and chips together in saucepan over med heat or melt in bowl in microwave. Pour over cereal in a lg bowl. Stir to coat. Put powdered sugar in a brown grocery bag and pour cereal into bag; shake to coat. Cut open bag to lay flat and spread out coated cereal. Sprinkle with extra sugar if necessary.
From the MealMaster recipe list. Downloaded from Glen's Mm Recipe Archive,