1 (8 oz) pkg. cream cheese
 1 cup butter
 4 eggs
 2 1/2 cups flour
 1/2 cup chopped nuts
 1 1/2 cups sugar
 1 1/2 teaspoon baking powder
 1 1/2 teaspoon vanilla
 8 oz maraschino cherries
  
 Heat oven to 325. Thoroughly blend cream cheese, butter, sugar & vanilla.  Add eggs one at a time mixing well after each addition.  Gradually add 2 cups flour with baking powder.  Combine remaining flour with drained cherries and 1/2 cup nuts and  fold into batter.  Bake in greased 10" bundt or tube pan.  Bake 1 hour and 20 minutes.  Cool 5 minutes and remove from pan.
  
 You can make a glaze and drizzle over top and place cherries on top.  To make it more colorful you can use both red and green cherries.
  
 I also use bread pans and the mini foil bread pans to give as gifts