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Step 1
Cook corn syrup and sugar together in a large pan over medium heat, stirring to dissolve sugar. Bring mixture to a boil. Remove from heat. Stir in peanut butter; mix well. Add cereal; stir until evenly coated.
Step 2
Pour into greased 13x9-inch pan and pat into place.
Step 3
Melt chocolate and butterscotch chips together in saucepan over low heat, stirring constantly. Spread over cereal.
Step 4
Cool at least 45 minutes, or until firm. Cut into bars.