Wash peppers and pack tightly into hot jars.

Combine in saucepan:

1 cup vinegar
1/4 c. water
1/4 c. olive oil
1 tsp. salt
1 tbsp. pickling spice

Bring to boil over high heat. Cover peppers with boiling hot liquid leaving 1/2 inch head space. Seal jars and process in boiling water bath 10 minutes. Start to count processing time as soon as water returns to boil.