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 completely melted and mixture is well blended, stirring after 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; press gently into gelatin mixture to secure. Refrigerate 20 min. or until gelatin is firm. Unmold just before serving.