1 pound cream cheese at room temperature
3/4 pound UNsalted butter at room temperature
1 teaspoon vanilla extract
1/2 teaspoon almond extract
One and a half pounds of confectioner's sugar, sifted

Combine cream cheese, butter and extracts in mixer until blended well - add sugar and beat until creamy.

PS - It is very important that the cheese and butter are at room temperature, otherwise you get bits of butter and cheese that spoil the texture.