In a small saucepan, melt the chocolate slowly over low heat, stirring
Add peanut butter and mix together until smooth
Pour Chex into large bowl
Remove sauce from heat and pour over cereal
Stir until coated (a large spatula works well for this)
Pour the coated cereal into a large plastic bag, pour powdered sugar over the mixture, and shake until well coated.
Open the bag, and munch away!
Store leftovers (if there are any!) in airtight container (like the bag you used, unless you want to use something a bit more fancy).
