Step 1

Heat morsels and peanut butter in smallheavy-duty saucepan over low heatstirring constantlyuntil smooth.Remove from heat.Add sugar; stir vigorously until smooth.

Step 2

Place cereal in large bowl.Add 1 cup melted chocolate mixture; stir until all cereal is coated.Place on ungreased baking sheet.Using small metal spatulashape into 10-inch circle with slightly raised 1-inch border around the edge.Pour remaining melted chocolate mixture in center ofcircle; spread to 1 inch from the edge.Refrigerate for 30 minutes or until firm.