Mix graham crumbs, butter & 1/4 C sugar; press onto bottom of 13 x 9" pan. Refrigerate while preparing filling.
Beat cheese & 3/4 C sugar in large bowl with mixer until well blended. Add preserves; mix well. Place strawberries & remaining 2 Tbsp sugar in small bowl; mash with fork. Stir strawberry mixture & cool whip into cheese mixture. Spoon over crust.