Chex Muddy Buddies

Chex Muddy Buddies
9 cups Chex Cereal
1 cup semi-sweet chocolate chips
½ cup Peanut Butter
¼ cup margarine or butter
1 tablespoon vanilla extract
1 ½ cups powdered sugar

1. Pour cereal into large bowl; set aside.
2. In 1 qt. microwave safe bowl combine chocolate chips, peanut butter and margarine.
3. Microwave on high 1 to 1 ½ minutes or until smooth, stirring after 1 minute.
4. Stir in vanilla.
5. Pour chocolate mixture over cereal, stirring until all pieces are coated evenly.
6. Pour cereal mixture into a large plastic bag with powdered sugar.
7. Seal securely and shake until all pieces are well coated.
8. Spread on waxed paper to cool.