1. Line 8x8- or 9x9-inch pan with plastic wrap.
2. Pour cereal into large bowl.
3. In medium saucepan, bring sugar and corn syrup to a boil over medium heat, stirring occasionally. Boil 1 minute; remove from heat.
4. Stir peanut butter into corn syrup mixture until smooth. Pour over cereal; stir to coat. Press evenly into pan.
5. Let treats cool 15 minutes on cutting board; remove from pan. Remove plastic wrap. Cut into squares to serve.
This recipe is recommended for 36 servings.