Allow the cream cheese to soften at room temperature. Thaw the whipped topping.

In a large mixing bowl, beat the cream cheese and powdered sugar with the mixer on high speed until smooth and creamy.

Add the cocoa powder, and beat until the color is solid.

Use the spatula to gently fold the whipped topping into the mixture.

Cover and refrigerate for at least 1 hour or until ready to serve. Serve with your favorite fruit or other dippers.