1 pkg. (8 oz.) PHILADELPHIA Cream Cheese, softened
2 cups cold milk, divided
1 pkg. (4-serving size) JELL-O Vanilla Flavor Instant Pudding
2-1/2 cups cubed prepared pound cake
1/2 cup strawberry preserves
1 can (15-1/4 oz.) peach slices, drained, chopped
Beat cream cheese and 1/2 cup of the milk in large bowl with electric mixer on medium speed until well blended. Add dry pudding mix and remaining 1-1/2 cups milk; beat on low speed 1 minute.
Layer half each of the cake, preserves, peaches and pudding mixture in 1-1/2-quart serving bowl; repeat layers. Cover surface with wax paper or plastic wrap.
Refrigerate serveral hours or until chilled. Store leftover dessert in refrigerator.
Looking for an elegant dessert to serve your guests? This easy-to-make trifle serves 10!
Garnish with fresh strawberries just before serving.