Preheat oven to 350°.
Combine first 7 ingredients in a medium bowl. Shape into 32 balls. Place meatballs on a foil-lined broiler pan coated with cooking spray. Bake at 350° for 25 minutes or until done.
Meanwhile, combine apricot fruit spread and next 3 ingredients in a medium saucepan; stir well. Place over medium- high heat, and cook 2 minutes or until thoroughly heated, stirring frequently. Remove from heat; add meatballs, tossing to coat. Serve immediately.