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HEAT oil in large nonstick skillet on medium-high heat. Add chops; cook 4 min. on each side or until browned on both sides.
ADD soup, milk, dressing and peas; mix well. Cook on medium-low heat 4 min. or until meat is done (145°F), stirring occasionally. Remove from heat; let stand 3 min.
SPOON meat mixture over hot rice; top with cheese.