BAKE biscuits as directed on package.
MEANWHILE, beat eggs, milk and pepper with whisk until blended. Cook in large nonstick skillet on medium heat 3 min. until eggs begin to set, stirring occasionally. Add cream cheese spread; cook 2 to 3 min. or until cream cheese is melted and eggs are set, stirring occasionally.
SPLIT warm biscuits; fill with egg mixture and bacon.