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HEAT oil in large saucepan on medium heat. Add onions; cook 5 min., stirring occasionally.
ADD asparagus and broth; stir. Bring to boil; cover. Simmer on medium-low heat 15 min. or until vegetables are very tender.
BLEND asparagus mixture, in batches, in blender until smooth; return to saucepan. Whisk in cooking creme; cook and stir on medium heat 2 to 3 min. or until heated through.