Slowly melt white chocolate in double boiler over simmering water. Combine remaining ingredients in large bowl. Slowly pour chocolate over mixture and stir to evenly coat. Spread minute on was paper and cool.
Break into small pieces. Store in airtight container and refrigerate to keep fresh.
NOTE: If you don't want all the left over cereal and pretzels when you get done, just whip up a batch of Chex Mix.