Microwave chocolate and peanut butter in large microwavable bowl on High 1½ to 2 minutes or until chocolate is almost melted, stirring halfway through heating time. Stir until chocolate is completely melted. Stir in cereal.
Drop by teaspoonfuls onto wax paper.
Refrigerate until firm. Store in tightly covered container in refrigerator. Makes about 2½ dozen.
Variation: Prepare as directed, substituting 4 squares Baker's Semi-Sweet Baking Chocolate for Baker's German's Sweet Baking Chocolate.