2. In large saucepan over low heat, melt butter. Add marshmallows. Cook, stirring constantly, until marshmallows are melted; remove from heat.
3. Add corn syrup; stir until blended. Add peanut butter chips; stir until chips are melted and mixture is smooth. Immediately stir in cereal until well coated and press into prepared pan. Cool completely; cut into bars. Store in airtight container in cool, dry place.
Makes about 16 bars.
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