1 6-oz. pkg (1 c.) butterscotch morsels
½ c. peanut butter
4 c. Rice Krispies cereal
1 T. water
1 6-oz. pkg (1 c.) chocolate chips
½ c. sifted confectioners sugar
2 T. soft butter
Melt butterscotch chips with peanut butter in heavy saucepan over very low heat, stirring constantly until well blended. Remove from heat.
Add Rice Krispie cereal, stirring until well coated with butterscotch mixture. Press half of cereal mixture into buttered 8x8x2” pan. Chill in refrigerator while preparing fudge mixture. Set remaining cereal mixture aside.
Combine chocolate morsels, sugar, butter & water; stir over hot water until chocolate melts & mixture is well blended. Spread over chilled cereal mixture. Spread remaining cereal mixture evenly over top. Press in gently. Chill. Remove from refrigerator for about 10 min. before cutting into squares.