I don't know how I've made it through my life without discovering a love for muddy buddies until now. I've known about them for a long time but they've never really appealled to me enough to even try them. My daughter brought them home from a friends house and insisted I give them a try. Then I couldn't stop eating them, they were so yummy! Then she made another batch and I know I ate at least half of them. She is now banned from making them because I have no self control.
9 cups corn or rice chex
1 cup semi sweet chocolate chips
1/2 cup peanut butter
1/4 cup butter
1 tsp vanilla
1 1/2 cups powdered sugar
Into a large bowl, measure cereal; set aside. In 1 quart microwavable bow. microwave chocolate chips, peanut butter and butter uncovered on High 1 minute; stir. Microwave about 30 seconds longer or until mixture can be stirred smooth. Stir in vanilla. Pour mixture over cereal, stirring until evenly coated. Pour into 2-gallon resealable food storage plastic bags. Add powdered sugar. Seal bag; shake until well coated. Spread on waxed paper to cool. Store in airtight container in refrigerator.