1 can (15 ounces) sliced peaches, drained and diced
6 medium firm bananas, sliced
3 cups pastel miniature marshmallows
Drain cherries, reserving 1/3 cup juice (save remaining juice for another use). Cut cherries in half; set aside.
In a bowl, beat cream cheese and reserved cherry juice until smooth. Fold in whipped cream. Fold in cherries, pineapple, fruit cocktail, peaches, bananas and marshmallows. Transfer to a serving bowl. Refrigerate for at least 1 hour.