Coconut Cream Cheese Frosting

• 1/3 cup + 1 Tbsp margarine or butter
• 1-1/2 cup flaked coconut
• 2 3-oz pkg cream cheese
• 4 cups sifted powdered sugar
• 1-2 Tbsp milk
• 1/2 tsp vanilla

Melt 1 Tbsp margarine in saucepan; add coconut. Saute until golden brown, stirring constantly. Remove from heat. Cream remaining margarine; add cream cheese, sugar and milk, beating after each addition. Add vanilla and 3/4 cup sauteed coconut. Spread on cake; sprinkle with remaining coconut.