BASIL PESTO Can be prepared in 45 minutes or less. 4 cups packed fresh basil leaves, washed well 1/2 cup pine nuts, toasted until golden, cooled, and chopped fine 1/2 cup freshly grated Parmesan (about 1 1/2 ounces) 2 large garlic cloves, minced 1/4 cup plus 3 tablespoons extra-virgin olive oil Have ready a bowl of ice and cold water. In a saucepan of boiling salted water blanch basil, a handful at a time, 2 seconds, transferring with a slotted spoon to bowl of ice water to stop cooking. Drain basil in a sieve and pat dry. In a food processor purée basil with remaining ingredients until smooth and season with salt and pepper Pesto may be made 2 days ahead and chilled, its surface covered with plastic wrap. Makes about 1 1/4 cups. Gourmet September 1996