Combine 1/2 cup water and cornmeal. Bring 1 cup water and salt to a boil in a small saucepan. Stir in cornmeal mixture, and cook 2 minutes or until thick. Stir in molasses and oil; cool.
Lightly spoon flour into dry measuring cups; level with a knife. Follow manufacturer's instructions for placing flour, yeast, and cornmeal mixture into bread pan; select bake cycle. Start bread machine.