chocolate chex things

1 stick butter

1 cup chunky peanut butter or 1 cup butterscotch chips

2 cups choc chips (12 oz. pkg.)

1 12-14 oz. pkg. rice Chex cereal

2 tsp. vanilla

1 lb. confectionary sugar

Pour box of cereal into a large bowl. Set aside.

Melt first 3 ingredients together in microwave gradually, starting with 90 seconds and stirring, then heating 30 seconds at a time and stirring until melted.

Stir in vanilla.

Pour over cereal and fold in quickly and gently till mixture covers cereal.

Pour sugar into a big plastic bag.

Dump chocolate covered cereal into the bag.

Shake bag by tipping over and over gently until cereal is covered with sugar.