Peanut Caramel Bars - cooking recipe

Ingredients

1 pkg (14 oz) caramels
1/4 c water
3/4 c peanut butter, divided
4 c Cheerios
1 c salted peanuts
1 c semisweet or milk chocolate chips
1/2 c butter or marg. (softened)

Preparation

In a large microwave-safe bowl, heat caramels, water and 1/2 cup peanut butter on high for 1 minute, stir.
Microwave 1 to 2 additional minutes (until melted).
Add Cheerios and peanuts, stir until coated.
Spread in greased 9x13 pan, set aside. In another microwave-safe bowl, heat chips, butter, and remaining peanut butter on high for 30 to 60 seconds or until melted.
Spread over Cheerios mixture.
Refrigerate before cutting.