Toll House party mix

Ingredients
2 cups toasted cereal squares
2 cups small pretzel twists
1 cup dry-roasted peanuts
1 cup (about 20) caramels
1 2/3 to 2 cups (11- to 12-oun NESTLÉ® TOLL HOUSE® Milk Chocolate, Butterscotch Flavored or Premier White Morsels

Directions
COAT 13 x 9-inch baking pan with nonstick cooking spray.
COMBINE cereal, pretzels, peanuts and caramels in large bowl.
MICROWAVE morsels in medium microwave-safe bowl on MEDIUM-HIGH (70%) power (100% power for semi-sweet chocolate morsels) 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 in prepared baking pan; cool for 30 to 45 minutes or until firm. Break into bite-size pieces.