Beat first 5 ingredients at medium speed with an electric mixer 3 to 5 minutes or until creamy.
Add flour; beat just until blended.
Shape dough into 1-inch balls (about 1 Tbsp. per ball), and roll in almonds.
Place 2 inches apart on 2 parchment paper lined-baking sheets. Press thumb or end of a wooden spoon into each ball, forming an indentation. Chill 20 minutes.
Preheat oven to 35
Bake 15 minutes or until bottoms are light golden brown. Cool on baking sheets 10 minutes; transfer to wire racks, and cool 10 minutes. Spoon 1/2 tsp. apricot preserves into each indentation.