Chex Muddy Buddies

1 cup semisweet chocolate chips

½ cup peanut butter

¼ cup butter or margarine

1 tsp vanilla

9 cups Chex cereal (any variety)

1 ½ cups powdered sugar

In 1-quart microwavable bowl, mix chocolate chips, peanut butter and butter. Microwave uncovered on High 1 minute; stir. Microwave 30 seconds longer or until mixture can be stirred smooth. Stir in vanilla.

In large bowl, place cereal. Pour chocolate mixture over cereal, stirring until evenly coated. Pour into 2 gallon food-storage plastic bag.

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

Stove-Top directions: Into large bowl, measure cereal; set aside. In 1-quart saucepan, heat chocolate chips, peanut butter and butter over low heat, stirring frequently, until melted. Remove from hear; stir in vanilla. Pour chocolate mixture over cereal, stirring until evenly coated. Pour into 2-gallon food-storage plastic bag. Add powdered sugar. Seal bag; shake until well coated. Spread on waxed paper to cool. Store in airtight container in refrigerator.