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1. Preheat oven to 375 degrees F. Rinse chicken cavity; pat chicken dry with paper towels. Skewer neck skin to back; tie legs to tail. Place chicken in a shallow roasting pan. Brush with butter; sprinkle with salt and pepper.
2. Roast, uncovered, for 1-1/4 to 1-3/4 hours or until drumsticks move easily in sockets and chicken is no longer pink (180 degrees F). Brush with half the honey and sprinkle with 1 tablespoon of the tarragon. Roast about 5 minutes more or until the chicken has a golden brown glaze.
3. Remove chicken from pan and tent with foil. Transfer roasting pan to stove top. Add shallots, champagne, broth, remaining honey, and fresh peas (if using). Simmer, uncovered, about 10 minutes or until juices thicken slightly and shallots are tender. Add frozen peas (if using) and lemon slices to pan. Simmer for 3 to 5 minutes or until heated through. To serve, return chicken to pan, sprinkle with the remaining 1 tablespoon tarragon. If desired, drizzle with remaining honey.