Cowboy Beef and Bean Skillet

1-1/2 lb. beef sirloin steak, cut into thin strips

2 slices  OSCAR MAYER Bacon, chopped

1 onion, chopped

1   red pepper, chopped

1 can (16 oz.) pinto beans, rinsed

1 can  (15 oz.) butter beans, rinsed

3/4 cup KRAFT Original Barbecue Sauce

 

COOK steak strips in deep large nonstick skillet or Dutch oven on medium-high heat 3 min. or just until no longer pink in centers. Remove to plate.
ADD bacon to skillet; cook on medium heat 1 min. Add onions and peppers; mix well. Cook 6 min. or until bacon is done and vegetables are crisp-tender. Stir in beans and barbecue sauce; simmer on medium-low heat 5 min.
RETURN steak and any juices from plate to skillet; cook 1 to 2 min. or until steak strips are done, stirring occasionally.