Preheat the oven to 350F. Line two cookie sheets with parchment paper or silicone mats, set aside.
In the bowl of a mixer, cream together butter and sugar until light and fluffy.
Add the egg and the vanilla, and mix till combined.
Turn the mixer off, and add in flours, baking soda, and salt.
Mix together on slow until incorporated. With a spatula or wooden spoon, stir in chocolate chips and the cereal.
Drop even tablespoonfuls on the prepared cookie sheets, trying to fit 12 on one pan. Bake for 12 minutes, then remove from oven immediately and transfer to wire cooling racks.