1. Preheat oven to 350°. Grease six 10-oz. ramekins or custard cups with butter; set aside.
2. Cook orzo according to package directions; drain. In a large bowl, combine orzo, cheese, peppers and olives. Spoon into prepared ramekins.
3. In another bowl, whisk eggs, milk and nutmeg; pour over orzo mixture. Place ramekins on a baking sheet.
4. Bake 25-30 minutes or until a thermometer inserted near the center reads 160°. Yield: 6 servings.