Mix graham cracker crumbs, margarine, and 1/4 of sugar; press firmly into the bottom of 13x9 pan. Refrigerate while prepping the filling.

Beat cream cheese and 3/4 cup of sugar in large bowl with an electric mixer until blended. Add preserves; mix until blended. Place fresh strawberries in a small bowl add 2 Tbsp. mash with fork. Stir strawberries into cheese mixture. Gently stir in whipped topping. Spoon over crust.

Cover and refrigerate for 4 ours or until firm....