PLACE potatoes in large saucepan. Add broth; cover. Bring to boil on medium-high heat. Reduce heat to medium-low; simmer 10 min. Uncover; simmer an additional 8 to 10 min. or until most of the broth is absorbed and potatoes are tender, stirring occasionally.
MASH potatoes to desired consistency using a hand masher or electric mixer, gradually adding cream cheese and mixing until melted.
STIR in almonds and nutmeg.