Sweet pepper sauce

Ingredients:

1 large red bell pepper, 1/2 pound, coarsely chopped
1 tablespoon olive oil
1 tablespoon plus 1 teaspoon balsamic vinegar
Salt and cayenne, to taste

Preparation:

Place bell pepper, olive oil, 1 tablespoon vinegar and 1/4 cup water in a small saucepan.
Cover and cook over medium heat 20 minutes.
Let cool slightly, then puree pepper and any remaining liquid in a blender food processor until as smooth as possible.
Season with remaining vinegar, salt and cayenne to taste.