Mix crust ingredients and press into 9 x 13 inch pan.
Pour cold water in a bowl and sprinkle with gelatin. Set aside.
Beat egg yolks lightly. Add sugar, salt and milk. Cook over boiling water until lightly thickened. Stir occasionally while cooking. Add gelatin to mixture and stir until well thickened. Then add cheese and vanilla. Beat with electric beater until light and fluffy.
Whip cream. Beat egg white until stiff and dry. Fold both cream and egg whites into beaten mixture.
Drain maraschino cherries and add to the mixture. Pour into crust and refrigerate.