In large mixing bowl, beat cream cheese and cheddar cheese at medium speed with electric mixer until well blended.
Add remaining ingredients except pecans and parsley; mix well.
Chill several hours or overnight. Shape into log; garnish with nuts and parsley. Serve with crackers. Approximately 2 cups.
Prep time: 15 minutes plus chilling
Microwave Tip: To soften cream cheese, microwave in bowl on medium (50%) 2 minutes.
Variations: Omit pecans. Roll in finely chopped parsley, dried beef or toasted chopped almonds. Shape into 1 large or 1 inch balls. Coat with chopped parsley. Serve with crackers or cucumber slices. Shape into pyramid. Coat one side with chopped nuts, parsley, and chopped dried beef. Shape into football with pimento strip lacing.