(the other recipes I've tried you just mix it all together and you're done), but it was really yummy and worth it in the end. I doubled the recipe, using half rice Chex and half corn Chex...it made a TON, but we managed to eat it at all our get togethers over the holiday weekend :-).
6 cups Rice Chex cereal
1 cup white vanilla baking chips
1 cup peanut butter chips
1 cup red and green candy-coated chocolate candies (I wanted to use mini M&Ms, but I forgot them at the store and used the PB ones I had on hand instead)
1 cup dry-roasted peanuts
1. Line 2 cookie sheets with foil or waxed paper. Place 3 cups cereal in large bowl. In small microwavable bowl, microwave white vanilla baking chips uncovered on High about 1 minute or until chips can be stirred smooth. Pour melted chips over cereal in bowl; stir to evenly coat. Spread mixture in single layer on one of the cookie sheets. Refrigerate 5 minutes or until set.
2. Repeat the above using the remaining cereal and the peanut butter chips; refrigerate 5 minutes or until set.
3. Gently break up coated cereal into large bowl. Add candy and peanuts; stir gently to combine. Store in airtight container.