COOK meat with peppers and yellow onions in large skillet on medium-high heat 5 min. or until meat is browned, stirring occasionally.
ADD tomatoes, corn and barbecue sauce; mix well. Reduce heat to medium; simmer 15 min., stirring occasionally.
SPOON rice evenly into four soup bowls; top with the meat mixture and VELVEETA. Sprinkle evenly with green onions.