1 lb. grated Cheddar cheese
2 (8 oz.) pkg. cream cheese, cubed (at room temperature)
4 oz. jalapeno peppers, chopped
Hawaiian bread round

Cut off top of bread round. Scoop out bread. Reserve the bread. Put Cheddar cheese, cream cheese and peppers into the hole of the bread. Replace top of bread. Wrap in foil.

Bake at 325°F for 1 hour or until cheese is melted. Stir several times during baking. Remove from foil. Garnish and serve. Serve with Melba rounds or bread.