BUTTERSCOTCH NIBBLES

1 (12 oz) pkg butterscotch flavored morsels (2 cups)
1 cup peanut butter
8 cups Chex brand cereal (any unfrosted flavor)
1 (6 oz) pkg milk chocolate morsels (1 cup)

Line a rimmed cookie sheet or tray with waxed paper.

In large saucepan over low heat, melt butterscotch morsels and peanut butter, stirring frequently.

Stir in cereal until pieces are coated. Stir in chocolate morsels just until combined but not melted.

Spread on waxed paper-lined tray. Chill 30 minutes or until coating is set.

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