Muddy Buddies

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9 cups Corn, Rice and/or Wheat Chex
1 cup semisweet chocolate chips
1/2 cup peanut butter
1/4 cup margarine or butter
1 teaspoon vanilla extract
1 1/2 cups confectioners sugar

Pour cereals into large bowl; set aside. In 1-quart microwave-safe bowl combine chocolate chips, peanut butter and margarine. Microwave on HIGH 1 to 1 1/2 minutes or until smooth, stirring after 1 minute. Stir in vanilla extract. Pour chocolate mixture over cereals, stirring until all pieces are evenly coated. Pour cereal mixture into a large resealable plastic bag with confectioners sugar. Seal securely and shake until all pieces are well coated. Spread on wax paper to cool.

If using the stove-top, pour cereals into large bowl; set aside.

In small saucepan over low heat melt chocolate chips, peanut butter and margarine until smooth, stirring often. Remove from heat; stir in vanilla extract. Continue as above