With a large spoon, crush cereal to reduce volume by about half. Add coconut, raisins or cherries, nuts and condensed milk; stirring until thoroughly combined. Turn into a greased 8 x 8 glass baking dish, lightly pressing mixture into dish. Microwave at HIGH for 3 minutes. Rotate dish 1/4 turn; microwave at MEDIUM-HIGH for 6 minutes, rotating dish 1/4 turn and removing shields after 3 minutes. Let stand directly on countertop for 10 minutes. Using a sharp, wet knife, cut into squares; remove from pan, cool thoroughly. (Squares will be slightly crumbly until thoroughly cooled). Makes 25 squares.