Quick Pasta Carbonara

½ pound medium-size pasta

4 slices OSCAR MAYER Bacon, chopped

4 ounces PHILADELPHIA Cream Cheese, cubed

1 cup frozen peas

¾ cup milk

½ cup KRAFT Grated Parmesan Cheese

½ teaspoon garlic powder

Cook pasta as directed on package. Meanwhile, cook bacon in large skillet until crisp. Remove bacon from skillet with slotted spoon, reserving 2 Tbsp. drippings in skillet. Drain bacon on paper towels.

Add remaining ingredients to reserved drippings; cook on low heat until cream cheese is melted and mixture is well blended and heated through.

Drain pasta; place in large bowl. Add cream cheese sauce and bacon; mix lightly.