In a large skillet, cook bacon over medium heat for 5 minues or until crisp; drain on paper towels. Cut dough into 8 slices. Cut each slice into fourths, place in a large bowl. Add the bacon, cheese, dressing mix and oil; toss to coat.
Arrange pieces in a lightly greased bundt pan. Cover and let rise in a warm place for 30 minutes or until doubled.
Bake at 350° for 15 minutes. Cover with foil; bake 5-10 minutes longer or until golden brown. Yield: 1 loaf--16 servings.