PEEL bananas, then cut crosswise in half. Insert 1 wooden pop stick into cut end of each banana. Place cereal in shallow dish or pie plate.

COMBINE peanut butter and jam; spread evenly onto bananas. Roll in cereal, evenly coating all sides. Press cereal into peanut butter mixture to secure. Place in single layer on wax paper-covered baking sheet.

FREEZE 4 hours or until frozen. Remove from freezer about 15 min. before serving. Store leftover banana pops in freezer.