Ingredients

The following ingredients have 36 Servings
  • 1 package (14 ounces) caramels
  • 1/4 cup water
  • 3/4 cup peanut butter, divided
  • 4 cups Cheerios
  • 1 cup salted peanuts
  • 1 cup semisweet chocolate chips or 1 cup milk chocolate chips
  • 1/2 cup butter, softened

Instruction

  • In a large microwave-safe bowl, microwave caramels, water and 1/2 cup peanut butter on high for 45 seconds; stir. Microwave 1 to 1-1/2 minutes longer or until melted. Add cereal and peanuts; toss to coat. Spread into a greased 13-in. x 9-in. pan; set aside., In another microwave-safe bowl, melt chips, butter and remaining peanut butter on high for 20-50 seconds; stir until smooth. Spread over cereal mixture. Refrigerate before cutting.