1 block 1/3 less fat cream cheese
1 stick light butter
2/3 cup butterscotch chips
1/2 cup toasted coconut
4 cups confectioners' sugar
Melt butterscotch chips for 1 minute at 70% power; stir. If they don't stir smooth microwave an additional 30 seconds; stir.
Mix cream cheese and butter in a mixing bowl fitting with the paddle attachment until well combined. Add in melted butterscotch and coconut.
Slowly add in confectioners' sugar on low speed
Refrigerate until ready to use.