Heat oven to 375°F. Unwrap dough; on floured surface, roll dough to 1/4-inch thickness. Cut with floured 3-inch present-shaped cookie cutter. On ungreased cookie sheets, place cutouts 2 inches apart. Bake 9 to 11 minutes or until lightly browned. Cool 2 minutes; remove from cookie sheets to cooling racks. Cool completely, about 30 minutes.