Brown meat in oil in non stick skillet on med-high heat. Remove from skillet set aside.
Add garlic, tomatos, broth and basil to skillet; bring to boil, stir in rice; return to boil.
Reduce heat to med-low; stir in meat and velveeta; cover. Simmer 8-10 min. or until heated through. Stir until velveeta is completely melted and mixture is well blended.