PREHEAT oven to 400°F. Cut hole in centre of 4 slices of bread using a 3-1/2 inch egg-shaped cookie cutter. Set "hole" aside.
BUTTER remaining bread slices and place butter side down on baking sheet.
TOP each with a cheese slice and a piece of bread with a hole in centre. Break 1 egg into each hole.
TOP eggs with two frozen peas for eyes, a red pepper triangle for nose and chives for whiskers.
BAKE 15 min. or until the cheese has melted and egg is set but slightly runny. Check frequently as the eggs set quickly.
REMOVE from oven. Cut "hole" in half to use as bunny ears.
