ADD boiling water to gelatin mix in medium bowl; stir 2 min. until completely dissolved.
MICROWAVE evaporated milk and chocolate in microwaveable bowl on HIGH 2 min. or until chocolate is melted and mixture is blended, stirring each minute. Add to gelatin; whisk until blended.
POUR into 14 (3 oz.) paper cups sprayed with cooking spray. Refrigerate 15 min.
TOP with cherries, pressing in slightly to stick. Refrigerate 20 min. or until firm. Unmold to serve.