Heat margarine in heavy 3 qt. saucepan over medium-high heat until melted.
Stir in sugar (mixture will be very granular). Stir frequently with wooden
spoon, 4 to 5 min. while mixture melts & begins to turn golden (sugar &
margarine may separate). Continue cooking 1 to 2 min., stirring constantly,
until mixture is no longer granular (mixture may still be separated; do not
overcook); remove from heat. Quickly add cereal. Mix until cereal is
completely coated. Immediately spread on ungreased cookie sheet. Cool
completely; break into bite-size pieces. Store in airtight container.
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