In a small saucepan combine the water, rice, margarine or butter, basil, and salt or chicken bouillon granules. Bring to boiling; reduce heat. Cover and simmer about 15 minutes for long grain rice (about 40 minutes for brown rice) or until rice is tender and liquid is absorbed. Remove from heat. Let stand, covered, for 5 minutes. Stir the parsley into the cooked rice just before serving. Makes 2 servings.