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Place in a saucepot the peanut butter, corn syrup, and the brown sugar. Melt over low heat until sugar is dissolved well, and everything is smooth not grainy.
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Add in the combined cereals and peanuts, stirring and coating all well with the mixture.
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Press into a lightly greased lined pan, or roll into small logs. Cut into small bars while cooling.
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You can also dip your logs into melted chocolate if desired. Or make a topping of the following and spread over the bars before cutting.
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In a saucepot melt the ingredients until smooth, half cup butterscotch chipits, half a cup chocolate chipits and quarter of a cup of peanut butter, melt all well, then pour over the bars. Cut when cooled and set.