Preheat oven to 425 F. Spray 2 cookie sheets with nonstick cooking spray.
In large mixing bowl, combine Butter Buds, oil and sugar. Beat in eggs and vanilla. Mix dry ingredients; add to creamed mixture. Stir in chocolate chips and cereal.
Drop dough by rounded teaspoons onto prepared cookie sheets. Bake 8 to 10 minutes. Remove cookies immediately to cooling racks.
Makes about 4 dozen cookies
Per Serving (2 cookies): 144 calories, 3 g protein, 24 g carbohydrate, 5 g fat, 1 g saturated fat, 18 mg cholesterol, 161 mg sodium.
Diabetic Exchanges: 1-1/2 starch, 1 fat