Melt the chocolate mixture

• Melt the chocolate chips, peanut butter and butter in a saucepan over low heat.
• Stir until smooth and completely melted.

Coat the cereal

• Pour the rice cereal into a large bowl.
• Pour the melted chocolate mixture over the cereal and toss gently until evenly coated.

Coat in powdered sugar

• Transfer the coated cereal to a bowl or bag with the powdered sugar.
• Toss and shake until every piece is well coated.

Set and serve

• Spread the muddy buddies on a tray to set.
• Store in an airtight container.