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1
GREASE two 9-inch-round baking pans.
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2
ROLL 1 bread loaf into 16 x 10-inch rectangle on lightly floured surface.
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3
SPREAD 1 tablespoon softened butter over dough.
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4
Combine sugar and cinnamon in small bowl; sprinkle 2 tablespoons over dough leaving 1/2-inch border around sides.
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5
Sprinkle with 3/4 cup morsels and 1/2 cup cranberries, firmly pressing morsels and cranberries into dough.
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6
ROLL up dough tightly, starting at short end; seal edges with water.
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7
Cut into 6 slices; place cut side up in prepared baking pan.
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8
Repeat with remaining bread loaf, butter, sugar mixture, 3/4 cup morsels and cranberries; place in second prepared baking pan.
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9
Cover; let rise in warm place until dough almost fills pans, about 30 minutes.
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10
PREHEAT oven to 350F
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11
BAKE for 25 to 30 minutes or until golden brown.
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12
Cool for 15 minutes in pans on wire racks.
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13
MELT remaining morsels in small, uncovered, microwave-safe bowl on MEDIUM-HIGH (70%) power for 30 seconds; STIR.
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14
Morsels may retain some of their original shape.
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15
If necessary, microwave at additional 10- to 15-second intervals, stirring just until morsels are melted.
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16
Stir in powdered sugar and milk to make a stiff glaze.
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17
Drizzle over cinnamon rolls.