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1/6 oz pkg. (1 cup) butterscotch morsels
1/6 oz (1 cup) semi-sweet chocolate morsels
1/2 c. peanut butter
1/2 c. sifted powdered sugar
4 c. Rice Krispies
2 T. butter or margarine
1 T. water
1. Melt butterscotch morsels with peanut butter in heavy saucepan over very low heat, stirring constantly until well blended. Remove from heat.
2. Add Rice Krispies cereal, stirring until well coated with butterscotch mixture. Press half of cereal mixture into buttered 8x8x2 inch pan. Chill in refrig. while preparing fudge mixture. Set remaining cereal aside.
3. Combine choc. morsels, sugar, butter and water; stir over hot water until choc melts and mixture is well blended. Spread over chilled cereal mixture. Spread remaining cereal mixture evenly over top. Press in gently. Chill. Remove from refrig. for about 10 minutes before cutting into squares.