Combine onion, butter, basil and thyme in a 3 quart casserole. Cover with heavy duty plastic wrap and microwave on high for 3 minutes or until onion is tender. Stir in remaining ingredients, cover and microwave on high for 5 minutes. Reduce to medium (50 % power) and microwave for 20 to 23 minutes, or until liquid is absorbed. Let stand for 4 to 5 minutes. Fluff rice with a fork. Yield: 6 servings