White Chocolate Party Mix

1 (10 ounce) package pretzel sticks
5 cups Cheerios
5 cups Crispix
2 cups salted, dry roasted peanuts
1 (16 ounce) package plain M&M's
2 (12 ounce) packages vanilla chips
3 tablespoons vegetable oil

In large bowl, combine first 5 ingredients. Heat the vanilla chips and oil. Pour over cereal mix. Stir well. Pour onto wax paper. Break up after it dries.

Makes 5 quarts.