Heat oven to 375°. Stir together sugar, butter, peanut butter, water, vanilla and egg in large bowl. Stir in remaining ingredients except cereal. Gently stir in cereal.
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Drop dough by rounded 1/3 cupfuls 4 inches apart onto ungreased large cookie sheet. Flatten dough to about 1 inch thick.
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Bake 13 to 15 minutes or until golden brown. Let stand 5 minutes before removing from cookie sheet. Store loosely covered.
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*If using spread, use only stick that has more than 65% vegetable oil.
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High Altitude (3500-6500 ft): Increase bake time to 14-16 minute.
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(The recipe doesn't say how many servings it comes up with, but I went with 12 cookies, but of course, if you want Jumbo ones then they will be bigger and you will get less cookies).
I've been making these for a few years now and just realized I haven't ever rated it. I reduce the amount of sugar to 3/4 cup and they still taste plenty sweet to our family. I also use only about 1/4-1/2 cup of raisins and the rest chocolate chips. The batter is more difficult to mix because of the amount of cheerios but I have never had problem using the entire 4 cups of cereal. Thanks for sharing the recipe! My husband and 4 kids love them!
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