1 c. grated sharp Cheddar cheese
1 sm. can chopped ripe olives
3/4 c. mayonnaise
Cayenne pepper
1 loaf party rye bread

Combine first 3 ingredients and spread on bread. Sprinkle a little cayenne pepper on top of each slice. Bake at 350 degrees for about 15 minutes or until crisp and bubbly.