PREHEAT oven to 325°F. Beat cream cheese, butter, granulated sugar and vanilla in large bowl with electric mixer on medium speed until well blended.
ADD eggs, 1 at a time, mixing well after each addition. Gradually add flour and baking powder, mixing on low speed until blended. Pour into greased and floured 9x5-inch loaf pan.
BAKE 1 hour 20 minutes or until toothpick inserted in center comes out clean. Cool 5 minutes; remove from pan. Cool completely on wire rack. Sprinkle with powdered sugar just before serving.
KRAFT KITCHENS TIPS Size-Wise
An occasional dessert can be part of a balanced diet, but remember to keep tabs on portions.
Prepare as directed, substituting 10-inch tube pan for the loaf pan.
RECIPE COURTESY OF KRAFT FOODS