2 (8 oz.) light cream cheese
1 (16 oz.) can lite fruit cocktail
1 (16 oz.) can pineapple
1 (16 oz.) can lite peaches
1/2 jar maraschino cherries, cut in half
1 (8 oz.) container of light Cool Whip
1 c. powdered sugar

Beat cream cheese and sugar with mixer. Stir in defrosted Cool Whip and well drained fruit. Refrigerate.