Simple Sweet 'N Sour Meatball Simmer

12 oz. (3/4 of 16-oz. pkg.) frozen prepared meatballs
1 pkg. (16 oz.) frozen stir-fry vegetables (sliced green, red and yellow peppers and white onions)
1/4 cup apricot jam
1/4 cup CATALINA Dressing
2 Tbsp. soy sauce

COMBINE all ingredients in large skillet; cover.
COOK on medium-high heat 10 min. or until meatballs and vegetables are heated through, stirring occasionally.
SERVE over hot cooked rice or pasta, if desired.
Option-
Add 1/2 tsp. each ground ginger and garlic powder to the sauce while cooking.