Melt peanut butter, butter and chocolate chips together.
Stir in cereal.
Put powdered sugar in a paper sack. Put cereal mixture in and shake until well coated.
Nutrition Info Per Serving: Calories 484.3 Total Fat 25.4 g Saturated Fat 13.2 g Polyunsaturated Fat 2.2 g Monounsaturated Fat 5.5 g Cholesterol 24.8 mg Sodium 250.9 mg Potassium 109.7 mg Total Carbohydrate 63.0 g Dietary Fiber 0.9 g Sugars 46.3 g Protein 4.5 g