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Preheat oven to 375°F. Prepare small oval pan with vegetable pan spray.
In medium saucepan, cook bacon on medium low until crispy; about 12 minutes. Transfer bacon to paper towel lined plate to drain.
In large bowl, combine green beans, red pepper strips, balsamic dressing, salt and pepper. Transfer to prepared pan.
Bake 8-10 minutes or until beans are crisp-tender. Remove from oven; top with bacon. Serve warm.