
In a large bowl, combine all-purpose cream and condensed milk. Using a hand mixer at low speed, beat mixture until it begins to thicken. Increase speed to medium and continue to beat for about 8 to 10 minutes or until double in volume.
Arrange one layer of graham crackers on the bottom of the pan, breaking pieces as needed to fit sides.
Spoon 1/3 of cream mixture on graham crackers and spread to cover.
Arrange fruit cocktail on top of the cream.
Arrange another layer of graham crackers over the fruit.
Spoon and spread 1/3 of the cream mixture. Add another layer of fruit.
Arrange the last layer of graham crackers on top of the fruit. Spoon and spread remaining 1/3 of the cream mixture on top of crackers. Arrange the remaining fruit cocktail on top of the cream.
Cover tightly with plastic film and refrigerate overnight. Freeze for about 1 hour before serving, if you like.
To serve, cut into squares.