1 cup white vanilla baking chips
9 cups Corn Chex, Rice Chex, or Wheat Chex cereal (or combination)
2 cups salted dry-roasted peanuts
2 cups small pretzel twists
2 cups miniature marshmallows
1 pkg. (20 oz.) vanilla-flavored candy coating
Place baking chips in freezer to chill. In large bowl, mix cereal, peanuts, pretzels and marshmallows. Set aside.
In large microwaveable bowl, microwave candy coating uncovered on High 1 minute 30 seconds. Stir, breaking up large chunks. Microwave about 30 seconds longer or until coating can be stirred smooth.
Gently and quickly stir cereal mixture into coating with rubber spatula, stirring gently until evenly coated. Stir in chilled baking chips. Spread on waxed paper until cooled. Break into chunks. Store in airtight container in refrigerator.
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