BROWN meat with peppers in large deep nonstick skillet; drain.
STIR in sauce and water. Bring to boil. Add noodles; stir. Cover; simmer on medium-low heat 18 to 20 min. or until noodles are tender, stirring occasionally.
MIX remaining ingredients until blended. Add to ingredients in skillet; swirl gently. Remove from heat. Let stand, covered, 3 min.