Holiday Caramel Chex Mix

4 cups popped microwave popcorn
4 cups Corn Chex® or Rice Chex® cereal
1 cup mixed nuts
1/2 cup butter or margarine
3/4 cup packed brown sugar
1/4 cup light corn syrup
1/2 cup white vanilla baking chips
1/2 cup dried cranberries (I like the cherry flavored crasins)

In large microwaveable bowl mix cereal, popcorn and nuts.

In 2 cup microwavable measuring cup, microwave butter, brown sugar, corn syrup uncovered on High about 1 1/2 minutes, stirring after 1 minute, until mixture is boiling. Pour over cereal mixture, stirring until evenly coated.

Microwave uncovered on High 5 to 6 minutes, stirring and scraping bowl after every minute. Spread on waxed paper to cool, about 15 minutes, stirring occasionally to break up.

In medium microwavable bowl, microwave vanilla chips uncovered on High 1 to 1 1/2 minutes, stirring every 30 seconds, until melted and smooth. Add 3 cups of the cooled cereal mixture to melted vanilla chips; toss gently until evenly coated. Spread on waxed paper or foil. Cool until set, about 30 minutes. In serving bowl, mix both cereal mixtures and cranberries. Store in airtight container.