Step 4

Line large rimmed baking sheet with waxed paper. In large microwavable bowl, add cereals, corn snacks and peanuts.

Step 10

In small microwavable bowl, microwave butter and honey uncovered on High 30 to 60 seconds or until melted. Stir in vanilla, then pour onto cereal mixture, mixing thoroughly to coat.

Step 16

Microwave uncovered on High 4 to 6 minutes, stirring after every minute, until well coated and slightly toasted. Spread on baking sheet to cool, about 20 minutes. Transfer to large serving bowl.