Beat butter in small bowl with electric mixer or fork for 30 seconds.
2
Beat or stir in apricot preserves, and rehydrated dried apricots. If necessary, refrigerate for 15 to 30 minutes or until firm enough to shape into a log.
3
Shape butter mixture into a 4½-to 5-inch-long log using plastic wrap or parchment paper. Wrap tightly and refrigerate 30 minutes or until firm.