1. Stir together flour, sugar, baking powder and salt. Set aside.
3. In large mixing bowl, combine Kellogg's Corn Flakes® cereal and milk. Let stand 2 minutes or until cereal softens. Add egg and oil. Beat well. Add flour mixture, stirring only until combined. Portion evenly into twelve 2 1/2-inch muffin-pan cups coated with cooking spray.
4. Make a deep indentation in top of batter of each muffin. Fill each with level teaspoon of preserves.
5. Bake at 400° F about 18 minutes or until golden brown. Serve warm with soft cream cheese.