Line 3 large baking sheets with waxed paper. Pour ingredients minus chocolate into large bowl and mix them up.
Heat a medium saucepan of water to simmering. Place chocolate in a glass or metal bowl and place over water. Heat, stirring until melted, about 3 minutes. Cool slightly.
Pour chocolate mixture over cereal, stir until all dry pieces are coated. Working QUICKLY, drop by heaping spoonfuls onto prepared sheets. Let stand at room temp until dry to the touch, about half an hour.