PREHEAT oven to 375°F. Beat 1 cup softened butter, 1 cup granulated sugar and 1/2 cup firmly packed brown sugar in large bowl with electric mixer on medium speed until light and fluffy. Add 2 eggs and 1 tsp. vanilla; beat until well blended. Add 2 cups flour and 2 tsp. baking soda; mix well.
STIR in 2 pkg. (6 squares each) chopped Baker's White Chocolate and 2 cups each dried cranberries and chopped pecans, walnuts or almonds. Drop rounded tablespoonfuls of dough, 2 inches apart, onto ungreased baking sheets.
BAKE 12 minutes or until golden brown. Cool 3 minutes, then remove from baking sheets. Cool completely on wire racks. Store in tightly covered container at room temperature.