Valentine Chex Mix

9 cups Rice Chex® cereal
1 cup white vanilla baking chips
1/2 cup peanut butter
1/4 cup butter or margarine
3/4 cup powdered sugar
1/2 cup red, white and pink candy-coated chocolate candies
1/4 cup red or pink jimmies sprinkles

1. In large bowl, place cereal. In small microwavable bowl, microwave vanilla chips, peanut butter and butter uncovered on High 1 to 1 1/2 minutes, stirring every 30 seconds, until melted and smooth. Pour peanut butter mixture over cereal, stirring until evenly coated.
2. Place 1/2 of the cereal mixture in 1-gallon food-storage plastic bag. Add powdered sugar. Seal bag; shake until well coated. Spread on waxed paper or foil to cool, about 15 minutes.
3. Meanwhile, stir candies and sprinkles into remaining cereal mixture. Spread on waxed paper or foil to cool, about 15 minutes.
4. In serving bowl, mix both cereal mixtures. Store in airtight container

PINK POWDER PUFFS
9 cups Rice Chex® or Corn Chex® cereal
1 1/2 cups semisweet chocolate chips
1/3 cup butter
1 teaspoon vanilla
1 1/2 cups powdered sugar
1 box (8-serving size) strawberry-flavored gelatin

1. Measure cereal into large bowl.
2. In 1-quart microwavable bowl, microwave chocolate chips and butter uncovered on High 1 minute. Stir; microwave 15 to 30 seconds longer or until mixture can be stirred smooth. Stir in vanilla. Pour over cereal, stirring until evenly coated.
3. In 2-gallon large food-storage plastic bag, mix powdered sugar and gelatin. Add cereal mixture. Seal bag and shake until well coated. Spread on waxed paper; cool about 15 minutes. Store in airtight container.