Cream together butter (or oleo) and cream cheese. Add egg and sugar. Stir in flour and oatmeal. Then add salt, almond flavoring and cherries. Chill several hours. Roll into balls about the size of a walnut or drop from a spoon onto an ungreased cookie sheet. Can be flattened with the bottom of a glass dipped in granulated sugar. A nut or a red-hots candy in center is pretty, especially for Valentine's Day. (These do not spread while baking!) Bake in oven at 350° for 10 to 12 minutes. Cookies should not brown. Yield: about 3 dozen cookies.