Melt the butter over low heat, in a large saucepan.
Stir in the marshmallows until completely melted.
Mix in Kool-Aid, along with enough red food coloring to make the mixture pink.
Remove from the burner and add the Rice Krispies cereal. Stir until the cereal is well coated.
Press the mixture firmly into the pan, with oiled hands.
Allow to cool, then cut into serving sized bars.
Place the pink and white candy melts each in a small. First, melt the pink ones by microwaving for 30 seconds stirring then repeating in 15-20 second intervals until nearly melted. Remove and continue stirring to hack tempering, then drizzle over the treats. Allow them to cool for a few minutes before repeating with the white candy melts.