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Step 1
Mix graham crumbs, margarine and 1/4 cup sugar; press onto bottom of 13x9-inch pan. Refrigerate while preparing filling.
Step 2
Beat Neufchatel and 3/4 cup of the remaining sugar in large bowl with mixer until blended. Add preserves; mix well.
Step 3
Mash strawberries with remaining sugar until blended. Add to Neufchatel mixture along with the COOL WHIP; stir just until blended. Spread over crust.
Step 4
Refrigerate 4 hours or until firm.