Directions

1. In a mixing bowl, dissolve yeast in water. Add butter, sugar, salt, egg and 1-1/2 cups flour; beat on low for 3 minutes, scraping bowl occasionally. Add enough remaining flour to form a soft dough. Turn onto a floured surface; knead until smooth and elastic, about 6-8 minutes. Place in a greased bowl, turning once to grease top. Cover and let rise in a warm place until doubled, about 1 hour.
2. Meanwhile, in a small mixing bowl, beat the cream cheese and sugar; set aside. Punch dough down; divide in half. On a floured surface, roll each portion into a 12-in. x 8-in. rectangle and place on greased baking sheets. Spread half of the filling down the center third of each rectangle. Sprinkle with walnuts. On each long side, cut 1-in.-wide strips about 2-1/2 in. into center. Starting at one end, fold alternating strips at an angle across filling. Seal ends. Cover and let rise for 30 minutes. Bake at 375 degrees F for 15-20 minutes or until browned. Cool on wire racks. Dust with confectioners' sugar if desired.