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- Mix together cream cheese, butter, powdered sugar, and milk in a bowl.
- Beat on medium speed until well combined (about 1 minute).
- Stir in cherries and nuts.
- Divide in half and shape into 2 balls.
- Refrigerate for 20-30 minutes.
- Roll balls in coconut.
- Cover and store in refrigerator for up to 3 days.
- Serve with short bread cookies.