Put entire box of cereal in plastic mixing bowl. Place chocolate chips and peanut butter in microwave safe glass bowl and place in microwave for about a minute and a half- stopping half way to stir. Pour mixture over cereal and stir. Once the chocolate mixture is coated evenly over cereal, place cereal in a paper grocery bag and pour in powdered sugar. Fold bag top over and take bag outside to shake. Look inside and see if more powdered sugar is needed. If so, place more in the bag and shake again. Place cereal in a Ziploc bag and let cool in the fridge. Enjoy :)