In small mixing bowl, combine flour, soda and salt. Set aside. In large mixing bowl, beat together butter, cream cheese and sugar until light and fluffy. Add egg substitute and vanilla. Beat well. Add flour mixture, mixing until combined. Stir in rice krispies cereal and chocolate morsels. Drop by level measuring-tablespoon onto baking sheets coated with cooking spray.
Bake at 350 degrees for about 12 minutes or until lightly browned. Remove immediately from baking sheets and cool on wire racks. Store in airtight container.