Ingredients

• 9 cups Rice or Honey Nut Chex Cereal
• 1 cup white baking chips
• ½ cup peanut butter
• ¼  cup margarine
• ¾ cup powdered sugar
• ½  cup red, white and pink m&ms
• ¼ cup red or pink sprinkles

Directions

Place cereal in a large bowl.  In a small microwavable bowl microwave baking chips, peanut butter, and margarine on high for 1 minute, stirring every 30 seconds, until melted and smooth.  Pour peanut butter mixture over cereal and stir until evenly coated.

Place half of the cereal mixture into a one gallon food storage bag.  Add powdered sugar.  Seal and bag and shake until well coated.  Spread on foil to cool, about 15 minutes. 

Meanwhile, stir m&ms and sprinkles into the remaining cereal mixture.  Spread on foil to cool, about 15 minutes.

Combine both mixtures in a serving bowl.  Store in an airtight container. 

This post is linked up at

Tip Me Tuesday at Tip Junkie

and

Tuesday Time Out at Reasons To Skip The Housework.