For the crust: Melt the butter or margarine over low heat. Remove from heat and add sugar and graham cracker crumbs. Press into a 9 x 13 inch pan. Bake for 15 minutes; let cool.
For the filling: Cream together the cream cheese, 1 cup of white sugar and vanilla. Spread over graham cracker crust.
For the topping: Layer sliced bananas, drained pineapple and whipped cream dessert topping on top of bars in order given. Sprinkle with chopped nuts, then with cherries. Cover and refrigerate 6 hours or overnight. Cut into squares and enjoy!!