1 lb Vanilla-flav. candy coating - cut into pieces 1/2 c Peanut butter 2 c Crisp rice cereal 1 c Chopped peanuts 1/2 c Plain M & M's Lightly butter 13 x 9-inch pan. In large saucepan over low heat, melt candy coating and peanut butter; blend well. Remove from heat. Stir in cereal and peanuts; mix well. Press mixture evenly in buttered pan. Immediately sprinkle M&M's over bars; press lightly. Allow to set 45 to 60 minutes. Cut into bars. Store in tightly covered container. 48 bars.
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