PREHEAT oven to 425°F. Mix flour and baking powder in large bowl. Cut in butter with pastry blender or 2 knives until mixture resembles coarse crumbs. Add 2 of the eggs and the cream; beat with wire whisk until well blended. Add to flour mixture; stir just until moistened. Stir in cheese, bacon and chives. Shape into ball.
KNEAD dough on lightly floured surface 10 times. Roll out to 12x6-inch rectangle. Cut into 8 (3-inch) squares; cut each square diagonally in half. Place on lightly greased baking sheet. Beat remaining egg and the water with wire whisk until well blended; brush over dough triangles.
BAKE 14 to 16 min. or until lightly browned. Serve warm.