1Heat oven to 350°F. Remove and discard unpopped kernels from popped popcorn. In large bowl, mix popcorn, cereal, peanuts and raisins; set aside.
2In 1-quart saucepan, heat corn syrup, honey, butter and cinnamon to boiling. Remove from heat; stir in vanilla. Pour over cereal mixture; toss until evenly coated. Spread in ungreased 15x10x1-inch pan.
3Bake 15 minutes, stirring occasionally. Cool pan on cooling rack, stirring occasionally. Store loosely covered.