Line baking sheets with waxed paper.
Place morsels in largeuncoveredmicrowave-safe bowl on MEDIUM-HIGH (70%) power for 1 minute; STIR.The morsels may retain some of their original shape.If necessarymicrowave at additional 10 to 15-second intervalsstirring just until morsels are melted.Stir in peanut butter until smooth.Add corn flakes; stir until coated.
Drop by rounded teaspoon onto prepared baking sheets.Refrigerate for 20 minutes or until firm.Store in airtight container in refrigerator.
