1 (9 inch) pie shell
1 (8 ounce) package cream cheese, softened
1/3 cup white sugar
1/2 cup water
1 (8 ounce) package cherry pie filling
1 (8 ounce) container frozen whipped topping, thawed
1 (9 inch) prepared graham cracker crust
Preheat oven to 375 degrees F (190 degrees C).
In a medium bowl, mix cream cheese, 1/3 cup sugar, and 1/2 cup water. Stir in pie filling, and pour into pie shell.
In a large bowl, beat thawed frozen whipped topping until smooth. Fold in graham cracker crust. Pour mixture into pie shell.
Bake in preheated oven for 15 minutes, until set.