In a nonmetal bowl combine oats, cherries, tangerine peel, cinnamon, salt, nutmeg, and vanilla. Stir in milk; cover and chill for 8 to 24 hours.

To serve, transfer oatmeal mixture to a medium saucepan. Heat just to boiling; reduce heat. Simmer, uncovered, for 5 minutes or until oatmeal is done, stirring occasionally. Remove from heat. Stir in butter until melted. If desired, add additional milk to make it the desired consistency.

Spoon into 4 bowls; sprinkle with sugar and nuts. Serve with additional milk, if desired. Makes 4 servings.

Note: You can substitute orange zest for tangerine and cranberries for cherries. Another variation is lemon zest and dried blueberries.