Beat margirine with an elictric mixer on medium to high speed for 30 seconds. Add about half the flour, the sugar, milk, and vanilla. Beat till thourouly combined. Stir in remaining flour. Stir in cherries and pecans. Shape into 8-inch rolls. Roll in cocunut. Wrap in wax paper; chill 2- 24 hours. Cut into 1/4-inch slices. Place on an un-greased cookie sheet. Bake in a 375 degree oven 10-12 minutes or until the edges are golden. Cool cookieson a wire rack. Makes about 60.