1 lb. butter
1/2 lb. Karlana Club sharp cheddar spread
1/2 lb. cream cheese
2 drops liquid smoke
Garlic & onion salt to taste
Chopped pimento (sm. jar) OR
1 sm. jar green olives (chopped)

Mix all ingredients. Divide in half. Shape into balls and roll in chopped nuts. Chill to firm.

These freeze well and make great hostess gifts! Wrap in colored Saran Wrap and tie with fancy ribbon.