Step 1

In mixer, beat cream cheese and butter until creamy. Add sugars and vanilla and mix until well-combined. Stir in chocolate chips. Cover and refrigerate for at least 2 hours. Gather cold mixture into a ball and cover with plastic wrap. Chill another hour. Roll ball in pecans just before serving.

Step 2

Usually, I skip the ball stage and serve this as a spread without the pecans. It's great on chocolate, cinnamon and honey graham crackers, vanilla wafers, shortbread or butter cookies.