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MICROWAVE honey and butter in large microwaveable bowl on HIGH 1 min.; stir until well blended. Add marshmallows; toss to coat. Microwave 1-1/2 min. or until marshmallows are puffed; stir until well blended.
ADD remaining ingredients; mix well.
PRESS cereal mixture firmly into greased 13x9-inch pan. Cool. Cut into 24 bars.