Beat cream cheese and butter in large mixer bowl until smooth. Gradually blend in powdered sugar and vanilla. Blend in coconut. If necessary, chill about an hour our until firm enough to handle. Form into desired shapes. Place on wax paper-covered tray or cookie sheet. Cover loosely and chill 3 to 4 hours or overnight. They should feel dry to the touch before coating with semisweet or bitter sweet chocolate. (I like Ghirardhelli's).

I'm not sure if these are just like Mound's because I only make them at X-Mas and haven't tasted them for a year. If my memory doesn't deceive they're quite similar and very good. [Note: Don't try coating these in milk chocolate. Tastes weird.] Enjoy.