Muddy Buddies

9 - 11 c. Chex type cereal (rice, corn or chocolate... whatever floats your boat.)
1 c. semisweet chocolate chips
1/2 c. peanut butter
1/4 c. butter or margarine
1 tsp. vanilla
1 1/2 c. powdered sugar

In large bowl, measure cereal, set aside. In a 1-qt. microwaveable bowl, microwave chocolate chips, peanut butter and butter uncovered on high for 1 min. Stir. Then microwave in 30 sec. increments until smooth when stirred together. Stir in vanilla. Pour mixture over cereal and mix well. Add powdered sugar until coated well.

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