In a large bowl, combine all bar ingredients except cherries, chocolate and nuts. Blend until smooth at medium speed, about 2 minutes. By hand, stir in rest of ingredients; spread in greased and floured jelly roll pan, 15"x10". Bake at 350 degrees for 25 to 30 minutes until golden brown.

In a small saucepan, brown butter until golden brown, stirring constantly over medium heat. Remove from heat; stir in powdered sugar and vanilla. Add milk and blend to spreading consistency. Spread over warm bars. Cool completely. Makes 48 bars.