Combine one cup cheese and next 5 ingredients in a medium bowl. Remove phyllo shells from packages, leaving them in trays.
Spoon one heaping teaspoon of olive mixture into each phyllo shell; sprinkle evenly with the remaining 1/2 cup cheese. Remove from trays and place cups on an ungreased baking sheet.
Bake at 375° for 12 to 15 minutes or until thoroughly heated. Serve immediately.