1 (12 oz.) can evaporated milk
1 (3 1/2 oz.) box instant lemon pudding
2 (8 oz.) pkgs. cream cheese, softened
3/4 c. (16 oz. can) frozen lemonade
1 (13 oz.) Cool Whip

Combine evaporated milk and pudding, beat 2 minutes; set aside. Beat cream cheese until light and fluffy, gradually add lemonade, continue beating 3 to 4 minutes. Fold in milk and pudding mixture and then fold in Cool Whip. Chill 3 to 4 hours or overnight.