Arrange graham squares in even layer on bottom of 13x9-inch pan.
Beat cream cheese in large bowl with electric mixer on medium speed until creamy. Gradually add milk, mixing until well blended after each addition. Add dry pudding mix; beat 1 minute Gently stir in half of the whipped topping; spread over grahams in pan; cover with remaining whipped topping. Top with fruit.
Refrigerate several hours or overnight. Sprinkle with coconut just before serving. Store leftover dessert in refrigerator.