Preheat oven to 275 degrees. Place popcorn in large greased bowl. Melt butter in small pan over low heat. Stir in sugar and preserves until melted. Dribble over popcorn. Stir to coat evenly. Spread popcorn mixture on greased roasting pan. Bake for 10 minutes, stirring every 2 to 3 minutes. Remove and cool before serving.
Microwave method: Place butter in 9-by-13-by-2-inch baking dish. Microwave on high until melted. Stir in preserves and sugar. Add popcorn and stir to coat thoroughly. Microwave 3 to 4 minutes on high until crispy. Stir every minute.
Happiness keeps You Sweet, Trials keep You Strong, Sorrows keep You Human, Failures keep You Humble, Success keeps You Glowing, But Only God keeps You Going!