Product Recall: One SKU of Oscar Mayer Classic Wieners due to possible mislabeling. Click Here.
MELT butter in 3-qt. saucepan on medium heat. Add flour; stir with wire whisk until well blended. Gradually add milk, stirring until well blended. Stir in water. Cook until thickened, stirring constantly.
ADD cheese; cook until cheese is completely melted, stirring constantly. Stir in remaining ingredients; cover. Reduce heat to medium-low.
SIMMER 10 min. or until heated through, stirring occasionally.