Vanilla Party Mix

2 packages Premiere White Nestle morsels
3 tablespoons vegetable oil
5 cups Cheerios
5 cups Rice Chex
2 cups dry roasted peanuts
10 ounces mini twist pretzels
1 (16 ounce) bag M&Ms

Melt chips and add oil.

Mix dry ingredients together in large bowl. Pour melted chip mixture over and toss until well coated. Store in airtight container in the refrigerator.

For holidays, use seasonal M&Ms.