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1. Place cereal in a large bowl and set aside.
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2. In a microwave proof bowl, melt chocolate and butter and stir until smooth.
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3. Add finely chopped pistachios to melted chocolate and stir.
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4. Pour over cereal and gently fold until coated.
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5. Dump into a large plastic bag and add powdered sugar and shake until covered. (If you don't have a large plastic bag, you can use a large tupperware or pot with a lid to shake the powdered sugar and cereal in.)
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6. Dump onto a cookie sheet to let cool.
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7. Add additional pistachios if desired.