Puppy Chow - Grandma Ellen

1 cup chocolate chips
1/2 cup butter
1 cup peanut butter
12 ounce box Crispix or Chex Cereal
1 pound powdered sugar

In a small saucepan or microwave at low heat, melt chocolate chips, butter and peanut butter together until smooth. Pour over cereal. Stir until well coated.  Place powdered sugar into a large plastic bag.  Add coated cereal and shake.  Spread out on a cookie sheet and cool.  Store in an airtight container in the refrigerator.

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