Chex Muddy Buddies

Peanut Butter and Chocolate.....need I say more? :)

1 cup semisweet chocolate chips
1/2 cup peanut butter
1/4 cup of butter
1 teaspoon vanilla
9 cups chex cereal
1 1/2 cups powered sugar

Melt chocolate chips, peanut butter, and butter in microwave for 1 minute. Stir. Microwave for 30 seconds longer or until mixture is smooth. Stir in vanilla.
In a large bowl, place cereal. Pour chocolate mixture over cereal, stirring until evenly coated. Pour into 2 gallon ziploc bag.
Add powdered sugar. Seal bag and shake until well coated. Store in airtight container and refrigerate.