Line 2 cookie sheets with foil or waxed paper. Place 3 cups cereal in large bowl. In small microwavable bowl, microwave white vanilla baking chips uncovered on High about 1 min or until chips can be stirred smooth. Pour melted chips over cereal in a bowl; stir to evenly coat. Spread mixture in single layer on one of the cookie sheets. Refrigerate 5 mins or until set.
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