Microwave honey and butter in large microwaveable bowl on HIGH 1 min.; stir until well blended. Add marshmallows; toss to coat. Microwave 1-1/2 min. or until marshmallows are puffed; stir until well blended.
Add remaining ingredients; mix well.
Press cereal mixture firmly into greased foil-lined 13×9-inch pan. Cool. Cut into 24 bars.