Preheat oven to 325. Mix flour, baking powder and salt in small bowl. Beat butter and sugar in large b owl with electric mixer on med. speed until light and fluffy. Blend eggs and vanilla. Gradually add flour mixture, beating well after each addition. Stir in cereal and white chocolate. Divide dough in half. shape each half into 14x2 inch log with lightly floured hands and place on lightly greased baking sheet.
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Bake 30 min. or until lightly browned. Remove from baking sheet. Place on cutting board; cool 5 min. Using serrated knife, diagonally cut each log into 12 slices; place upright on baking sheet, 1/2 inch apart. Bake an additional 15 - 18 minutes or until slightly dried. Remove from baking sheet. Cool on wire racks.
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