Prepare spread: Combine basil, walnuts, Parmesan cheese, TABASCO® Sauce, garlic and salt in blender or food processor. Process, gradually adding olive oil until well blended.
Prepare sandwiches: Heat oil in 12-inch skillet over medium-high heat. Add eggplant slices; cook until lightly browned and tender, turning once. Repeat with remaining eggplant. Cut bread in half horizontally with serrated knife. Spread cut sides of bread with pesto. Place eggplant, mozzarella slices and red pepper on bottom half of bread. Top with remaining half.
Makes 4 servings.