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Prepare using 2% Milk VELVEETA.
Microwave butter, peppers and onions in 1-1/2-qt. microwaveable bowl on HIGH 1-1/2 min. Stir in VELVEETA and milk. Microwave 2 to 3 min. or until VELVEETA is completely melted and sauce is well blended, stirring after 2 min. Stir in remaining ingredients. Microwave 3 to 4 min. or until heated through, stirring every 2 min.
Cut a peeled whole onion into thin slices about 1/4 inch thick. Stack two or three slices, then make several crosswise cuts, about 1/4 inch apart, in both directions down through onion slices.
* Nutrition information is estimated based on the ingredients and cooking instructions as described in each recipe and is intended to be used for informational purposes only. Please note that nutrition details may vary based on methods of preparation, origin and freshness of ingredients used.