Pour the milk into a medium bowl. Add the pudding mix. Beat with a wire whisk or rotary beater for 1 to 2 minutes until the pudding is well blended. Divide the pudding evenly into 4 dessert dishes. Let the pudding set for at least 5 minutes.
Just before serving, pour the cereal into a plastic bag and seal. Crush the cereal with a rolling pin or a can of soup. Chop the candy. Sprinkle the crushed cereal and chopped candy equally over each dish of pudding. Top each serving with 1 or 2 teddy bear-shaped grahams.