Prepare rice mix as directed on package, using 3 cups of water instead of 3-1/4 cups.
Reserve 1/4 to 1/2 cup of the shredded cheese to garnish dip, if desired. Stir remaining ingredients into rice mixture. Place mixture into food processor or blender; cover. Process or blend until smooth.
Keep dip warm in a chafing dish or slow cooker, if desired.