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HEAT grill to medium heat.
RUB corn with oil and season with salt and black pepper. Grill corn 7 min. or until the ear is lightly browned, turning occasionally; remove from grill and cool.
MEANWHILE, grill franks 7 to 9 min. or until heated through, turning occasionally.
WITH your knife, slice the kernels from the cob. Add corn kernels to bowl along with tomatoes, onion, basil, jalapeno, lime juice and dressing and toss well.
FILL buns with franks; top with corn mixture.