Ingredients:

1 box Crispix cereal
12 oz. pkg. chocolate chips
1 cup peanut butter
1 stick oleo
2 cups 4X sugar

Procedure:

Place cereal in large bowl. In saucepan, on low heat, combine chocolate chips, peanut butter & oleo until all are melted and well blended. Pour over cereal, toss to coat evenly. Put 4X sugar in paper or plastic bag. Add coated cereal & shake to coat evenly, separating any lumps.  Looks like "Puppy Chow".