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HEAT oven to 350ºF.
COOK meatballs as directed on package; cut in half. Toss with chili sauce and chili powder. Cut cheese slices in half.
PLACE crackers in single layer on baking sheet; top with cheese and meatballs.
BAKE 5 to 6 min. or until cheese begins to melt. Sprinkle with cilantro.