01 -
Melt peanut butter and butter in microwave.
02 -
Gradually melt chocolate into peanut butter mixture.
03 -
Add vanilla and stir well.
04 -
Mix half cereal with half chocolate mixture.
05 -
Double-bag paper bags, add 1/2 cup powdered sugar.
06 -
Add coated cereal, shake to coat.
07 -
Add more sugar as needed.
08 -
Mix in 1/4 of M&Ms.
09 -
Repeat with remaining ingredients.