1In large microwavable bowl, mix cereals and pretzels.
2In 1-cup microwavable measuring cup, microwave butter uncovered on High 30 to 40 seconds or until melted. Stir in pepper seasoning and liquid smoke. Pour over cereal mixture; toss to evenly coat.
3Microwave uncovered on High 3 to 4 minutes, stirring every minute until cereal begins to lightly brown. Spread on waxed paper or foil to cool. Stir in almonds. Store in airtight container.