- 8 cups Corn Chex® or Rice Chex® cereal
- 1 (3 ounce) bag fat-free butter-flavor microwave popcorn, popped
- 1/4 cup dry-roasted peanuts
- 3 tablespoons canola or vegetable oil
- 1/3 cup grated Parmesan cheese
- 2 teaspoons garlic powder
- 2 teaspoons chili powder
- Heat oven to 300 degrees F. In very large bowl, mix cereal, popcorn and peanuts. Drizzle with oil; toss until evenly coated.
- In small bowl, mix remaining ingredients; sprinkle over cereal mixture. Toss until evenly coated. Spread cereal mixture in ungreased large roasting pan.
- Bake uncovered 15 minutes, stirring once. Spread on waxed paper to cool, about 10 minutes. Store in airtight container.