Cook bacon in a large skillet until crisp; remove bacon, reserving 2 tablespoons drippings in skillet.
Sauté okra, onion, and bell pepper in hot drippings over medium-high heat 5 minutes or until tender. Stir in rice and next 3 ingredients; bring to a boil. Cover, reduce heat, and simmer 20 minutes or until water is absorbed and rice is tender. Remove from heat; stir in bacon. Let stand 5 minutes.
*1 (16-ounce) package frozen sliced okra may be substituted.
