Ingredients
1 package (14 ounces) caramels1/4 cup water3/4 cup peanut butter, divided4 cups Cheerios1 cup salted peanuts1 cup semisweet chocolate chips or 1 cup milk chocolate chips1/2 cup butter, softened
Preparation
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.
