Heat oven to 275° F. In ungreased 13x9-inch pan, mix cereals, pretzels and peanuts.
In small bowl, mix remaining ingredients. Pour over cereal mixture, stirring until evenly coated.
Bake 30 minutes, stirring occasionally. Spread on paper towels to cool, about 15 minutes. Store in airtight container up to 1 week.
Servings: 15