Chex Muddy Buddies

Directions

1. 1
   Pour cereal into a large bowl; set aside.
2. 2
   In a 1-quart microwave-safe bowl, combine chocolate chips, peanut butter and margarine.
3. 3
   Cook 1 to 1 1/2 minutes until smooth, stirring after 1 minute.
4. 4
   Stir in vanilla.
5. 5
   Pour chocolate mixture over cereal, stirring until all pieces are evenly coated.
6. 6
   Pour cereal into a Glad lock bag with powdered sugar.
7. 7
   Shake until all pieces are coated.
8. 8
   Spread on wax paper to cool.