Butterscotch party mix

Ingredients
2 cups oven-toasted cereal squares
2 cups small pretzel twists
1 cup dry-roasted peanuts
1 cup (about 20) caramels
1 2/3 cups (11-ounce package) NESTLÉ® TOLL HOUSE® Butterscotch Flavored Morsels

Directions

COAT 13 x 9-inch baking pan with nonstick cooking spray.

COMBINE cereal, pretzels, peanuts and caramels in large bowl. Place morsels in medium, microwave-safe bowl. Microwave on MEDIUM-HIGH (70%) power for 1 minute; stir. Microwave at additional 10- to 20-second intervals, stirring until smooth. Pour over cereal mixture; stir to coat evenly.

SPREAD mixture into prepared baking pan; let stand for 20 to 30 minutes or until firm. Break into small pieces.