1/2 cup butter OR margarine
1 cup peanut butter
2 cups milk chocolate chips (or semisweet if you prefer)
1 (17.5 oz) box crispix
1 pound confectioners sugar

melt the peanut butter with the butter or margarine and the chocolate chips. pour over the cereal and toss until well coated.

place the coated cereal in a large paper bag then add the confectioners sugar. fold down the top of the bag and shake to coat.