1. Heat oven to 325°F. Line baking sheet with aluminum foil.
2. In small microwave-safe bowl, microwave peanut butter and honey on HIGH (100%) 45 seconds or until peanut butter is melted; stir.
3. In large bowl, combine cereal, pretzels and peanuts. Pour melted peanut butter mixture over cereal mixture; toss to coat. Spread cereal mixture evenly over baking sheet.
4. Bake snack mix, stirring once, 10 minutes. Cool completely on wire rack. Stir in raisins and chocolate chips. Store in airtight container or plastic food storage bags.
Makes 10 cups.