- 2 (8 ounce) packages PHILADELPHIA Cream Cheese, softened
- 1 (8 ounce) package KRAFT Mexican Style Shredded Cheese
- 1/2 cup finely chopped pitted ripe olives
- 1/2 cup finely chopped fresh parsley
- 2 tablespoons finely chopped red peppers
- 1 teaspoon chili powder
- Beat cream cheese and shredded cheese in medium bowl with electric mixer on medium speed until well blended. Add remaining ingredients; mix well. Cover.
- Refrigerate several hours or overnight.
- Place drinking glass in center of serving platter. Drop rounded tablespoonfuls of cheese mixture around glass, just touching outer edge of glass, to form ring; smooth with spatula. Remove glass. Garnish with additional parsley and red peppers, if desired. Serve with assorted NABISCO Crackers.