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COOK bacon in large skillet until crisp. Remove bacon from skillet with slotted spoon, reserving 2 Tbsp. drippings in skillet. Drain bacon on paper towels.
STIR onions into drippings; cook and stir 3 min. or until crisp-tender. Add cooking creme, milk and peas; cook and stir 3 min.
ADD bacon and pasta; stir to coat.