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Heat oil in large skillet on medium-high heat. Add bell peppers and onions; cook and stir 5 minutes or until softened. Add chicken; cook and stir 5 minutes or until browned. Remove chicken and vegetables; set aside
Stir water, tomatoes and tomato paste into skillet; bring to boil. Stir in Rice Mix; return to boil. Reduce heat to low; cover and simmer 15 minutes
Stir chicken and vegetables into rice mixture. Cover and cook 10 minutes longer or until rice is tender. Remove from heat. Stir in olives. Let stand 5 minutes before serving