Preheat oven to 350°F. Spray cavities with non-stick vegetable pan spray. In large bowl, beat sugar, oil and eggs until thick and lemon colored. Beat in melted chocolate and vanilla. Add flour, baking powder, cinnamon, nutmeg and salt, mixing just until moistened. Stir in cranberries and chocolate chips. Divide batter among cavities. Bake 20-25 minutes or until toothpick inserted in centers comes out clean. Cool on rack 5 minutes. Turn loaves out of pan; cool thoroughly.
Sprinkle with confectioners' sugar. To decorate, tint portion of fondant green, leave remaining portion white. Roll out fondant following package directions. Cut tree and snow shapes for each loaf. Moisten back of shapes with small amount of water and position on loaf.