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Preheat oven to 250.
Combine cereal, coconut and peanuts in roasting pan.
In small saucepan over medium, heat brown sugar, butter and corn syrup to boiling, stirring.
Without stirring, boil 5 minutes.
Stir in vanilla and baking soda.
Pour over cereal mixture, stir until evenly coated.
Bake 1 hour, stirring every 15 minutes.
Cool, stirring frequently.
Stir in chocolate chips and raisins.
Store in airtight container.
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