4 slices OSCAR MAYER Bacon, cut into 1/2-inch pieces
3 large Spanish onions, thinly sliced, separated into rings
2 cans (14-1/2 oz. each) fat-free reduced-sodium beef broth
1/4 tsp. dried thyme leaves
5 slices Italian bread, toasted
1 cup KRAFT Shredded Italian* Five Cheese with a TOUCH OF PHILADELPHIA
2 Tbsp. KRAFT Grated Parmesan Cheese
* Made with quality cheeses crafted in the USA.