Instructions: 1. Heat the broth-water combination over medium-low heat. Keep warm.

2. In a large skillet, preferably nonstick, or large pot, heat the butter and oil over medium heat until hot. Add the onion, fennel and red pepper; saute 5 minutes. Add the garlic and saute an additional minute.

3. Stir in the rice and cook, stirring 2 minutes. Slowly start to add the liquid, about a ladleful at a time. Cook, covered, over medium-low heat, 10 minutes, stirring occasionally. Add the liquid slowly and stir often. Wait until the liquid has been absorbed each time before adding the next ladleful. Repeat the cooking process, covered, 10 minutes.

4. Uncover and continue adding the liquid and stirring often. The risotto should cook about 30 minutes.

The finished risotto should be creamy, with a little chewiness at the center of the rice.

5. Add the pistachios, pepper and Parmesan to the finished risotto, stirring until blended.

If you would like to email yourself the recipe for later use, or share the recipe with your friends or family, enter the email addresses below and this recipe will be emailed to you and others as well.