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Cut the fennel lengthways into quarters. Heat the olive oil in a heavy based saucepan and add the fennel. Cook the fennel over a medium heat, turning frequently, for 20 minutes or until starting to brown. Halfway through cooking the fennel add the chunks of red pepper. Add the tomatoes, garlic, boiling water, wine, oregano, beans, balsamic vinegar and some black pepper. Bring to the boil, cover and place in the oven for 1 1/2 hours.
Remove the pan from the oven and add the olives and basil leaves. Serve with crusty bread.
posted by Mr Falafel