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Reindeer Snacks

5 cups rice, corn or wheat cereal squares
2 cups thin pretzel sticks, broken in half
1/2 cup butter
1/2 cup creamy peanut butter
1 1/2 cups milk chocolate chips
1 cup powdered sugar
1 cup red and green candy-coated milk chocolate candies

1. Combine cereal and pretzels in 4-quart bowl; set aside.
2. Place butter, peanut butter and chocolate chips in medium microwave-safe bowl. Microwave on HIGH for 45 seconds; stir. Continue microwaving until butter and chocolate are melted (15 to 45 seconds). Stir until smooth.
3. Immediately pour chocolate mixture over cereal in bowl; stir until well coated. Spread mixture evenly into single layer on two waxed paper-lined baking sheets. Refrigerate 20 minutes to set.
4. Break into bite-sized pieces; divide mixture into two gallon-sized plastic food bags. Pour 1/2 cup powdered sugar into each bag; seal bags. Shake bags until mixture is well coated. Place 1/2 cup candies in each bag. Seal bags; gently shake bags to distribute candies. Store mixture in sealed bags or airtight container in refrigerator up to 4 weeks.

Makes 10 cups.

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