Chex Muddy Buddies

from Chex

9 cups Chex (Corn, Rice, Wheat, or Chocolate Chex)
1 cup semisweet chocolate chips
1/2 cup peanut butter, smooth
1/4 cup butter or margarine
1 tsp. vanilla
1-1/2 cups powdered sugar

1.  Pour cereal into a large bowl and set aside.

2.  In 1 quart microweable bowl, add chocolate chips, peanut butter, and butter.  Microwave on high 1 minute; stir.   Microwave about 30 seconds longer or until mixture can be stirred smooth.  Stir in vanilla.

3.  Pour mixture over cereal.  Stir to evenly coat.  When coated pour into a 2 gallon resealable bag.

4.  Add powdered sugar.  Seal bag; shake gently until well coated.  Spread on waxed paper to cool.  Store in an airtight container.