Caramel Morsel Bars - cooking recipe

Ingredients

1 (14 ounce) bag caramels
3 tablespoons water
5 cups crisp rice cereal or 5 cups toasted oat cereal
1 cup peanuts
1 cup semi-sweet chocolate chips
1 cup butterscotch chips

Preparation

Melt caramels with water in a saucepan over low heat. Stir frequently till caramels are melted and sauce is smooth.
Toss cereal and peanuts together in a bowl. Pour the melted caramel sauce over the mixture and toss until well coated.
With buttered fingers, press the mixture into a greased 13 x 9 inch baking pan. Sprinkle chocolate and butterscotch chips on top and place in a 200F oven for about 5 minutes or until chips are softened. Spread the softened chips to blend slightly and form a frosting over the top. Cool and cut into bars. Cut into 30 bars or in sizes as desired.