Heat oven to 375°F. Separate dough into 16 triangles. Roll up each loosely, starting at shortest side of triangle, rolling to opposite point. Place rolls, point side down, on ungreased cookie sheets; curve each into crescent shape.
Brush each roll lightly with beaten egg.
Bake at 375°F. for 11 to 13 minutes or until golden brown.
Meanwhile, in small bowl, beat butter until light and fluffy. Gradually beat in cranberry sauce and orange peel. Serve warm rolls with cranberry-orange butter.