Beat together softened cream cheese, and butter until light and fluffy.
Add in vanilla extract and beat until smooth.
Add in powdered sugar and beat until smooth - mixture will be thick.
Drizzle heavy cream into frosting mixture while beating until frosting is fluffy and to a spreadable consistency.
Spoon the cream cheese frosting into a decorators bag or a quart size ziploc bag with a small corner tip snipped off. A star shaped decorating tip can be used in the decorators bag.