Heat oven to 350^. Spray a 3 1/2 quart casserole with non-stick cooking spray. Set aside.
In a large skillet,cook bacon until brown and crisp; add butter, onion and bell pepper, lightly saute in bacon drippings and butter, stir in flour; gradually add the chicken broth. Bring to a boil.Add cream cheese. Cook and stir for about 2 minutes or until thickened.