Place the 2 pieces of bread on a cutting board. Spread the cream cheese and jam on seperate pieces of bread where they cookie cutter will line up (don't have to spread all the way to the edges). Sandwich the cream cheese and jam together.
Lightly press the bread with your palm of your hand lightly smoosh down the bread until it is about half the original height and the bread is molded together.
Using a tree cookie cutter, cut out the tree shape.
To make the ornaments, take a wide straw or very small circle cookie cutter and cut holes into the first layer of bread. Gently peel the first layer of bread away.
Sprinkle each hole with fun sprinkles and gently press down sprinkles so they stick.