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In a large bowl, combine the cereal, nuts and pretzels. In a small saucepan over low heat, melt butter. Add brown sugar; cook and stir until dissolved. Pour over cereal mixture; stir to coat. Place a third on a greased 15 x 10 x 1 inch baking pan. Bake at 325 degrees for 8 minutes; stir and bake for 6 minutes more. Spread on waxed paper to cool. Repeat with remaining mixture.
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