Baked Spicy Rice

This is from Southern Living and I think it tastes just great!

• Ready In: 1 hr 10 mins
• Serves: 6

Ingredients

• 1  cup long-grain rice, uncooked
• 2 (10 ounce) cans  diced tomatoes and green chilies, undrained
• 1  cup water
• 1  teaspoon salt
• 2⁄3 cup  pimento stuffed olive, sliced
• 1⁄4 cup  vegetable oil
• 1⁄2 cup  chopped onion
• 1  cup  shredded monterey jack cheese (4 oz)

Directions

1. Combine all ingredients in a shallow greased 2-quart baking dish.
2. Cover and bake at 350 for 45 minutes.
3. Stir well, and bake, uncovered, 15 additional minutes or until liquid is absorbed and rice is tender.