White Chocolate Chex Mix

This recipe came from my mother in law, and has been very popular with everyone I have given it to!  I make it around Christmas time, but feel free to use the various colored M&M's at different times of the year to change it up.  You could even try coloring the white chocolate to give it a little more of a color match to the holiday/occasion you are making it for.  I like this chex mix because there is no baking involved and it is very simple.  My only suggestions is to add all of your ingredients to the bowl, minus the M&M's.  Add those in after mixing around a little bit, to give the white chocolate a chance to cool down.  Otherwise your M&M's will melt, making a big mess.

Ingredients:
3 cups corn chex
3 cups cheerios
2 cups M&M's
1 1/2 cups peanuts
1 1/2 cups pretzels (I don't add pretzels, but they are in the original recipe)
2 packages white chocolate chips ( I add the whole 2 packages to coat the mixture a little more heavily)
1 1/2 tablespoons vegetable oil

Combine cereal, peanuts and pretzels in a large bowl.  In a separate bowl, add in chocolate chips and oil. Lay out a couple pieces of wax paper to pour mixture onto after combined. Heat the chocolate chips in the microwave for 30-45 seconds and stir.  Continue to melt in 30 second intervals, stirring in between, until completely melted.    Pour over cereal mixture and fold, try not to crush up the cereal.  After in has been stirred a couple of time and is cooled down, add in the M&M's.  Continue to mix until evenly coated with white chocolate.  Dump the mixture onto the wax paper and spread out to make a layer. Let this cool.  Once the mixture has cooled, break into pieces and store.