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Cook pasta according to packet directions. Drain.
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Heat oil in large saucepan, then add bacon and bell pepper and stir fry over high heat for 1-2 minutes.
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Stir in tomatoes, stock and paste. Cover, reduce heat, then cook for 4-5 minutes until tomatoes soften.
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Stir cream into sauce, season with salt and pepper to taste and mix well.
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Gently toss drained pasta and parsley through the sauce.