Heat oven to 375°F. Separate dough into 5 biscuits. Dip tops and sides of each biscuit in butter; dip in 1/4 cup sugar. Place on ungreased cookie sheet. Bake 13 to 17 minutes or until golden brown. Cool 5 minutes.
Meanwhile, in medium bowl, mix strawberries and 1/3 cup sugar. Set aside.
In another small bowl, beat whipping cream and 2 tablespoons sugar with electric mixer on high speed until soft peaks form. Beat in vanilla.
To serve, split biscuits; place on individual dessert plates. Top with whipped cream and strawberry mixture.