1/2 c. butter
2/3 c. packed brown sugar
1 tb corn syrup
2 c. Cheerios or like cereal
1 c. Spanish or cocktail peanuts
Heat butter in 3 quart saucepan over low heat until melted. Add brown sugar and corn syrup. Bring to mixture to a boil over medium heat stirring continuously for one minute. Remove mixture from heat and stir in cereal and peanuts until well coated. Drop mixture by tablespoons onto waxed paper and allow to cool.