Chex Mix (a.k.a. Muddy Buddies)

from Chex box

9 cups of desired chex cereal (I prefer rice or corn)
1/2 cup peanut butter
1 cup chocolate chips
1/4 cup butter or margarine
1/4 tsp vanilla
1/3 cup powdered sugar

In large bowl, melt peanut butter, chocolate chips, butter, and vanilla in microwave. Add cereal. Mix to coat evenly. Put powdered sugar in large ziploc bag. Add chocolate-coated cereal to bag, close bag, and shake well until evenly coated. Pour into separate bowl or onto cookie sheet and enjoy!

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