Preheat oven to 350F. Combine the first ingredients in the bowl and set aside.
Melt butter in a saucepan over med heat. Stir in honey until well blended.
Pour Over cereal mixture and stir to coat. Spread on a single layer onto a baking sheet. Bake for 12-15 minutes, stirring occasionally, or until glazed. cool 3 minutes before spreading on wax paper to cool completely.