Place cereal in a large bowl; set aside.
In a microwave safe bowl, combine the butter and marshmallows. Microwave, uncovered, on HIGH for 3 minutes; stir. Continue cooking until smooth, stirring every minute. Add chocolate chips and stir until melted.
Pour over cereal; stir until well coated. Spread evenly into a greased 13x9 inch pan. Arrange kisses evenly in 6 rows over the top of the cereal. Cool before cutting.