Combine ingredients in saucepan. Cook over low heat, stirring frequently, just until sauce is smooth. Serve with corn chips, tortilla chips or vegetable dippers. Makes 2-1/2 cups.
Microwave Directions: Combine ingredients in 1-quart microwave safe bowl. Cook at high for 3 to 4 minutes or until cheese spread is melted, stirring after each 1-1/2 minutes.