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Pour cereal in large bowl.
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In a large pan, melt the butter.
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Add the marshmallows to butter, melt, and stir over low heat.
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Add the corn syrup and peanut butter. Stir until combined.
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Pour mixture over cereal and mix well.
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Press mixture into sprayed 9x13 pan.
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In large microwave safe bowl, place unwrapped caramels, milk, and salt. Heat about 3 minutes, stopping to stir every 1 minute.
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Pour melted caramel mixture over cereal layer. Spread with spatula.
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In another microwave safe bowl, heat the chocolate chips and shortening for 30 seconds, repeatedly until melted and smooth.
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Spread chocolate over caramel layer.