In a mixing bowl, beat the cake mix, water, butter & egg until blended. Spread into a greased 9x13 pan. Bake at 350 for 22-25 minutes or until a toothpick inserted comes out clean.
Sprinkle with marshmallows. Bake 2 minutes longer. Place on cooling rack.
In a large saucepan, combine the peanut butter chips, corn syrup & butter; cook and stir over medium-low heat until melted and smotth. Remove from heat; stir in vanilla, cereal and peanuts. Spread over marshmallows. Cool completely. cut into bars.
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