DIRECTIONS

1. PLACE party mix or cereal into large bowl.
2. MICROWAVE shortening, chocolate chips and peanut butter in microwave-safe bowl on MEDIUM (50% power), checking at 1 minute intervals until melted.
3. REMOVE mixture from microwave; stir in vanilla.
4. POUR over cereal; mix until well coated. Place powdered sugar in plastic resealable food storage bag. Add coated cereal; toss to coat well.
5. SPREAD onto sheet of wax paper to cool. When cool, pick up with hands and store in airtight container. Refrigerate. Discard excess sugar.