T-Bone Steak with Bacon-Mushroom Sauce

HEAT grill to medium heat.

GRILL steaks 7 to 8 min. on each side or to medium doneness (160ºF).

MEANWHILE, cook bacon in large skillet until crisp. Remove bacon from skilllet; drain on paper towels. Discard drippings from skillet. Add mushrooms to skillet; cook 5 min., stirring occasionally. Stir in bacon, steak sauce, sherry and sugar. Bring to boil; simmer on medium-low heat 5 min., stirring occasionally.

SERVE steaks topped with mushroom sauce.