Prep Time: 8
Cook Time: 15
Serves: Serves: 2
Heat oil in large non-stick skillet over medium heat. Add pepper strips; cook, stirring often, 10 minutes or until peppers are tender. Transfer with slotted spoon to small bowl; set aside.
Cut hole in center of each bread slice using 3-inch biscuit cutter or glass. Toast center bread rounds, if desired; set aside until serving time.
Add cut bread to same heated skillet; crack eggs into holes in bread. Sprinkle salt and pepper over eggs. Cook 2 minutes or until bread is toasted and eggs are still loose in center. Stir basil into peppers in bowl; spoon over eggs and bread; top with cheese. Cook, covered, 2 minutes or until cheese melts and eggs are set. Serve with toasted bread rounds, if desired.