Melt 2 Tbsp. butter; set aside. Mix remaining butter with 2 Tbsp. dry pudding mix until blended. Refrigerate until ready to use.
Cover large baking sheet with parchment. Roll out 1 loaf of bread dough into 14x8-inch rectangle on work surface sprinkled with 1 Tbsp. of the remaining dry pudding mix; brush with half of the melted butter. Sprinkle with 1/4 cup each of the remaining dry pudding mix, cherries and nuts; roll up, starting at one long side. Place, seam side down, on prepared baking sheet. Repeat to make second roll-up. Cover with plastic wrap.
Let rise in warm place 45 min. or until doubled in volume.
Heat oven to 350°F. Remove and discard plastic wrap. Bake bread 20 to 25 min. or until golden brown. Cool 5 min. Remove from baking sheet to wire rack; cool completely. Sprinkle bread with powdered sugar. Serve with chilled chocolate-flavored butter.
Prepare as directed, using 2 cans (13.8 oz. each) refrigerated pizza dough instead of the frozen bread dough, and eliminating the rising step. Heat oven to 400ºF. Bake bread 15 to 17 min. or until golden brown. Continue as directed. Makes 12 servings.
Instead of sprinkling the baked bread with the powdered sugar, top with an easy glaze. Just mix 1 cup powdered sugar with 5 tsp. milk until blended. (If necessary, stir in up to 1 additional tsp. milk until glaze is of desired consistency.) Drizzle over cooled bread. Let stand until glaze is firm.
Calories From Fat
% Daily Value*
Total Fat 9g
Saturated Fat 3.5g
Trans Fat 0g
Total Carbohydrates 34g
Dietary Fiber 3g
* Percent Daily Values are based on a 2,000 calorie diet.
* Nutrition information is estimated based on the ingredients and cooking instructions as described in each recipe and is intended to be used for informational purposes only. Please note that nutrition details may vary based on methods of preparation, origin and freshness of ingredients used.