Reserve a few candied cherries or nuts for garnish if desired. In large bowl, combine all ingredients except EAGLE BRAND®; mix well to coat fruit with crumbs. Add EAGLE BRAND®; mix well.
Turn into aluminum foil-lined 9×5-inch loaf pan. With wet hands, press firmly into pan.
Garnish with reserved cherries or nuts (optional). Cover tightly with aluminum foil; chill thoroughly. Store tightly wrapped in refrigerator.
TIP: Fruitcake can be stored in refrigerator for several weeks.