Peanut Caramel Bars

Directions

1. 1
   In a large microwave-safe bowl, heat caramels, water and 1/2 cup peanut butter on high for 1 minute, stir.
2. 2
   Microwave 1 to 2 additional minutes (until melted).
3. 3
   Add Cheerios and peanuts, stir until coated.
4. 4
   Spread in greased 9x13 pan, set aside. In another microwave-safe bowl, heat chips, butter, and remaining peanut butter on high for 30 to 60 seconds or until melted.
5. 5
   Spread over Cheerios mixture.
6. 6
   Refrigerate before cutting.