Heat oven to 375°F. Separate each can of crescent dough into 8 triangles. Cut each triangle lengthwise into 3 narrow triangles.
Place 1/2 teaspoon cream cheese on shortest side of each triangle; top with olive half and 1 sausage. Roll up, starting at shortest side of each triangle and rolling to opposite point; place point side down on 2 ungreased cookie sheets.
Bake 12 to 15 minutes or until golden brown, switching position of cookie sheets halfway through baking. Immediately remove from cookie sheet. Serve warm.