MIX cranberry juice cocktail, cloves and cinnamon sticks in medium saucepan. Bring to boil on medium-high heat. Reduce heat to low; cover. Simmer 5 minutes; cool. Remove cinnamon sticks and cloves; discard.
PLACE drink mixes in punch bowl just before serving. Add cold water; stir until drink mixes are completely dissolved. Stir in cranberry juice mixture.
ADD ice cubes.
