| 1 | In a 1 quart microwave safe bowl, combine chocolate chips, peanut butter and margarine. |
| 2 | Microwave for 1 to 1 ?minutes or until smooth, stirring after one minute. |
| 3 | Stir in vanilla extract. |
| 4 | Pour chocolate mixture over cereal. |
| 5 | Stir to coat all pieces. |
| 6 | Pour cereal into a resealable plastic bag with powdered sugar. |
| 7 | Seal securely and shake to coat all cereal with powdered sugar. |
| 8 | Spread on waxed paper to cool. |
| 9 | Makes 9 cups chex mix (about 9 servings). |