I am sure everyone already has this recipe but it can't be left out of the family favorites!
9 cups Corn Chex cereal
1 cup semi-sweet chocolate chips
1/2 cup creamy peanut butter
1/4 cup margarine
1 teaspoon vanilla
1 1/2 cups powdered sugar
Pour cereal into a large container and set aside.
Combine chocolate chips, peanut butter, and margarine in a 1-quart microwave safe bowl. Microwave on HIGH 1 to 1 1/2 minutes or until smooth, stirring after 1 minute. Stir in vanilla.
Pour chocolate mixture over cereal, stirring until all pieces are evenly coated.
Pour powdered sugar on top and shake so all pieces are covered.