1/2 cup mayonnaise
1 pkg. ranch seasoning (3 Tbl.)
1/2 cup milk
12 oz. Cream cheese (softened)
1 lb. Cheddar cheese finely grated (4 cups)
Slivered almonds
Mix first 4 ingredients together. Add in cheese. Roll in slivered almonds. Chill. Serve with crackers.