Cream Cheese Danish

This is so good..a friend shared it with me many years ago.. 

1/2 cup margarine , softened 

1 cup all-purpose flour 

2 tablespoons water 

8 oz. package cream cheese, softened 

1/4 cup sugar 

1 egg yolk

1/2 cup margarine 

1 cup water 

1 teaspoon almond extract  

1 cup all-purpose flour 

3 eggs 

 Glaze (recipe follows at bottom)  Heat oven to 350 degrees.  Cut 1/2 cup margarine into 1 cup flour. Sprinkle 2 tablespoons water over flour mixture.  Mix with fork. Shape into roll with floured hands.  Pat and shape into wreath  shape, 11-1/2" in diameter with 4" wide side and 3-1/2" hole in  center on ungerased cookie sheet  Beat cream cheese, sugar and egg yolk in small bowl until light  and fluffy, about 3 minutes.  Spread evenly over wreath, up to  1/4 inch in from edges.  Heat 1/2 cup margarine and 1 cup water  to rolling boil in 2 quart saucepan.  Remove from heat.  Quickly stir in almond extract and 1 cup flour.  Stir vigorously over low heat until mixture forms a ball, about 1 minute.  Remove from  heat.  Add eggs, beat until smooth and glossy.  Spread evenly over cream cheese mixture.  Bake until topping is crisp and light brown (about 40-45 minutes).  Cool.  (Topping will shrink and fall.) 

Drizzle with Glaze.  Glaze:  Mix 1-1/2 cups powdered sugar, 1-1/2 teaspoons vanilla and 1-2 tablespoons hot water until smooth and of desired consistency.