Heat oven to 350°F. Spray cookie sheet with cooking spray.
In medium bowl, mix meatballs, chili sauce and cranberry sauce.
Separate dough into 8 biscuits. Separate each biscuit into 2 layers. Press or roll each to form 4-inch round. Spoon about 1 tablespoon meatball mixture onto center of each dough round. Wrap dough around meatball mixture; bring up edges of dough, pinching together tightly to form bundle. Place on cookie sheet; brush with egg.
Bake 18 to 22 minutes or until golden brown.