Crispy Peanut Butter Treats

Directions

1. In a large microwave-safe bowl, heat chocolate chips and peanut butter, uncovered, on high for 45 seconds; stir. Microwave 15-30 seconds longer until chips are melted; stir until smooth. Stir in cereal until evenly coated. Pat half into a greased 13-in. x 9-in. dish.
2. In a microwave-safe bowl, heat peanut butter chips and butter, uncovered, on high for 1 minute; stir. Microwave 10-15 seconds longer or until chips are melted; stir until smooth. Stir in water, vanilla and confectioners' sugar until smooth. Carefully spread over the cereal layer. Carefully press remaining cereal mixture over peanut butter layer. Cover and chill for at least 1 hour. Cut into squares.