MIX all ingredients in medium saucepan. Let stand 5 minutes.
COOK on medium heat, stirring constantly, until mixture comes to full boil. (Pudding thickens as it cools.) Remove from heat.
COOL 20 minutes; stir. Serve warm or chilled.
APPLE juice, pineapple juice, orange juice, grapefruit juice, cranberry juice, juice blends or mango nectar can be substituted for grape juice.