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1. Prep two cookie sheets by lining them with wax paper for an easy cleanup.
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2. Peanut Butter White Chocolate: Measure out rice cereal and place in a large bowl.
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3. In a small microwave proof bowl, put chocolate chips, peanut butter and butter.
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4. Heat in the microwave and stir until smooth.
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5. Stir in vanilla extract and then pour chocolate mixture over cereal. Stir to coat cereal.
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6. Place powdered sugar in a ziplock back, dump cereal into bag, seal and shake until coated.
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7. Dump cereal onto a cookie sheet, spread out and let cool for 20 minutes.
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8. Peanut Butter Chocolate: Follow steps 2-7 but use your semi sweet chocolate chips instead. Also, add cocoa powder to powdered sugar.
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9. After all cereal is cooled, mix together and add Peanut Butter Candies.