1 (16 ounce) package peach preserves
1 (16 ounce) can limerick oranges
1 (12 ounce) can mandarin oranges
1 (2 ounce) package cream cheese, softened
1 (8 ounce) container frozen whipped topping, thawed
In a large bowl, mix peach preserves, oranges, mandarin oranges, cream cheese and vanilla ice cream. Place peach preserves in a large punch bowl. Punch peach preserves with remaining orange juice and lemon juice. Serve at room temperature or chill in refrigerator.