2 qts. cranberry cocktail, chilled
1 (6 oz.) can frozen pink lemonade concentrate, thawed
1 bottle of champagne, chilled or 1 qt. sparkling water

In a punch bowl combine cranberry cocktail and lemonade concentrate. Stir in champagne. Serve immediately. This works well with an ice ring with lemon and orange slices frozen into it. Yield 25 servings (1/2 cup each).