In a large mixing bowl, beat 3 ounces softened cream cheese, 1/2 cup softened butter and 1/2 teaspoon vanilla with electric mixer until light and fluffy. Gradually add 1 1/2 cups powdered sugar, beating well. If icing is too thick, add a bit of milk to reach spreading consistency. If icing is too thin, beat in additional powdered sugar. If you like, tint icing with food coloring as desired.
108 calories; fat 7g; cholesterol 18mg; saturated fat 4g; carbohydrates 11g; protein 1g; vitamin a 194.4IU; sodium 60mg; iron 0.4mg.