Caramel Apple Popcorn
12 cups popcorn
8 cups apple flavored cereal
1 ½ cups peanuts
1 cup brown sugar
½ cup margarine
½ cup light syrup
2 teaspoons vanilla
½ teaspoon soda
Combine popcorn cereal and peanuts in a large bowl. Combine sugar, margarine and syrup in a heavy pan and bring to a boil and cook about 8 minutes or until amber color. Stir often. Remove from heat and add vanilla and soda and pour over popcorn mixture.
Bake at 250 degrees for 45 minutes, stir every 15 minutes.