Peanut Polka Dot Bars

1 lb Vanilla-flav. candy coating

- cut into pieces 1/2 c Peanut butter

2 c Crisp rice cereal

1 c Chopped peanuts

1/2 c Plain M & M`s

Lightly butter 13 x 9-inch pan. In large saucepan over low heat, melt candy coating and peanut butter; blend well. Remove from heat. Stir in cereal and peanuts; mix well. Press mixture evenly in buttered pan. Immediately sprinkle M&M`s over bars; press lightly. Allow to set 45 to 60 minutes. Cut into bars. Store in tightly covered container. 48 bars.