Munchies

2 cups (12 ounce package) NestleŽ Toll HouseŽ
    Semi-Sweet Chocolate Morsels
3/4 cup creamy peanut butter, divided
1/3 cup confectioners' sugar
3 cups toasted rice cereal

Heat morsels and 3/4 cup peanut butter in small, heavy-duty saucepan over low heat, stirring constantly until smooth; remove from heat. Add sugar; stir vigorously until smooth.

Place cereal in large bowl. Add 1 cup melted chocolate mixture; stir to coat well. Place on ungreased baking sheet. Using small metal spatula, shape into 10-inch circle with slightly raised 1-inch-wide border. Pour remaining chocolate mixture in center of circle; spread to border. Refrigerate for 30 minutes or until firm.