Step #1 Place the rice in a small saucepan with 2 c of water.
Step #2 Bring to a boil, reduce the heat to low & let simmer uncovered until the rice is overcooked & mushy & the water has almost boiled away, about 40 mins.
Step #3 In a medium saucepan, mix the red peppers, onion & 2 c of water.
Step #4 Boil over moderate heat until the peppers are tender but still bright red, about 10 mins.
Step #5 Drain at once.
Step #6 Put the rice, red peppers, onion & 1 c of the chicken stock into a mixer or food processor/blender.
Step #7 Puree until smooth.
Step #8 Strain the puree into a medium saucepan, add the milk & the remaining 1 c of chicken stock.
Step #9 Simmer over low heat/flame for 5 mins to thicken slightly.
Step #10 stir in the the cream, cayenne, paprika & white pepper.
Step #11 Spice up this with salt to taste.
Step #12 Cover the bisque & set aside for 1 hr to mix the favors.
Step #13 Rewarm over low heat/flame before serving.