PLACE the potatoes in a large pot and cover with cold water. Bring to a boil, then lower heat and simmer, uncovered, for roughly 13 min. or until the potatoes are fork tender.
WHILE potatoes are boiling, add the cream to a small saucepan and heat through making sure not to boil.
DRAIN potatoes thoroughly in a colander and return to the pot. Add warmed cream and cream cheese. Season as desired with salt and pepper. Mash with a potato masher or electric mixer. Fold in 3/4 of the bacon and chives.
SPOON into serving bowl. Dot with tablespoons of butter and sprinkle with remaining bacon and chives.