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Thoroughly chill a small mixing bowl in the refrigerator.
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In another small bowl, soften gelatin with 2 teaspoons of cold water, then add boiling water, stirring until gelatin is completely dissolved.
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Set aside and cool until tepid.
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In a chilled mixing bowl, beat ice water and nonfat dry milk at high speed until mixture forms stiff peaks.
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Add sugar, still beating, then oil and gelatin.
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Cover and freeze for about 15 minutes, then transfer to refrigerator until ready for use.
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Stir before using to retain a creamy texture.