In large microwavable bowl, mix cereal, pretzels, sesame sticks and nuts.
In 2-cup microwavable measuring cup, microwave butter on High about 30 seconds or until melted. Stir in honey and sesame seed. Pour over cereal mixture; stir until evenly coated.
Microwave uncovered on High 5 to 6 minutes, stirring every 2 minutes, until mixture just begins to brown. Spread on waxed paper to cool. Store in airtight container.