Preheat broiler. In a medium saucepan stir together soup, carrots, and thyme. Bring mixture to boiling; reduce heat and simmer 8 to 9 minutes or until carrots are tender.
Meanwhile, for garlic-cheese toasts, place bread slices on unheated rack of a broiler pan. Spread with margarine or butter; sprinkle with garlic powder. Broil 5 inches from heat for 1 minute or until golden brown. Top with cheese. Return to broiler; broil about 30 to 60 seconds or until cheese melts slightly and edges are golden brown. Stir tomato juice and chicken into soup; heat through. Serve toasts with soup. Makes 4 servings.