Step 1

Grease 13 x 9-inch baking pan.

Step 2

Heat sugar and corn syrup in medium saucepan over medium heat to boiling.Remove from heat; stir in peanut butter.Add cereal; stir until cereal is coated.Press into prepared pan.

Step 3

Microwave butterscotch morsels in smallmicrowave-safe bowl on MEDIUM-HIGH (70%) power for 1 minute; STIR.The morsels may retain some of their original shape.If necessarymicrowave at additional 10 to 15-second intervalsstirring just until melted.Spread over cereal mixture.

Step 4

Sprinkle semi-sweet morsels over butterscotch; press down slightly.Refrigerate for 15 minutes or until firm.