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MIX flour, baking powder and salt. Beat butter and sugar in large bowl with mixer until blended. Add eggs; mix well. Gradually add flour mixture, mixing well after each addition.
REMOVE half the dough; mix with 1 flavor dry drink mix until blended. Mix remaining dough with remaining drink mix. Wrap separately in plastic wrap. Refrigerate 1 hour.
HEAT oven to 325ºF. Roll out dough into 1/4-inch thickness on lightly floured surface. Cut into desired shapes with 2-1/2-inch cookie cutters, rerolling scraps as necessary.
PLACE, 2 inches apart, on baking sheet.
BAKE 10 to 12 min. or until edges are lightly browned. Cool on baking sheet 2 min. Remove to wire racks; cool completely.