Peanut Clusters II

2 cups semisweet chocolate chips

1 (14 ounce) can sweetened condensed milk

1 cup roasted peanuts

2 cups crispy rice cereal

In a medium heat-proof bowl, melt together the chocolate chips and condensed milk in the microwave. If you do not have a microwave, use a metal bowl over the top of a pan of simmering water. Stir frequently until melted and smooth. Stir in the peanuts and rice cereal until well blended. Drop by rounded spoonfuls onto waxed paper. Chill 2 hours to set.