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HEAT oven to 350°F.
COMBINE VELVEETA, milk and seasonings in large microwaveable bowl. Microwave on HIGH 6 min., stirring after 3 min.; set aside.
COMBINE vegetables in 11x7-inch baking dish sprayed with cooking spray. Add VELVEETA mixture; toss to coat. Sprinkle with bread crumbs.
BAKE 40 min. or until vegetables are crisp-tender.