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Step 1
Spray bottom and sides of 13x9-inch pan with cooking spray or grease with shortening. In large bowl, mix both cereals and peanuts.
Step 2
In 3-quart saucepan, heat peanut butter, marshmallows and milk over low heat, stirring occasionally, until peanut butter and marshmallows are melted and mixture is smooth.
Step 3
Pour peanut butter mixture over cereal mixture; stir to coat well. Press mixture in greased pan. Cool at least 30 minutes before serving. Cut into bars.