Dana's Muddy Buddies

9 c. Chex cereal
1 c. chocolate chips
1/2 c. peanut butter
1/4 c. butter
1 t. vanilla
1-1/2 c. powdered sugar

 In large bowl, measure cereal; set aside.

In 1-quart microwavable bowl, 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 bag or large container.

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