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Start by using a serrated knife to cut the bread.
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Cut the loaf on the diagonal down one side, then switch sides and cut in the opposite angle.
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Cut about 3/4 of the way down into the bread. You'll want to leave the bottom of the loaf uncut so that it stays together.
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Place the loaf on a sheet of aluminum foil.
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In a small bowl, combine softened butter, mayo and ranch dressing mix.
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Spread the ranch mixture between the slice
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Sprinkle one cup of shredded cheese between the slices.
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Wrap the bread loaf in foil and bake in the oven at 350 for about 25 minutes, or until heated through.
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Open foil and sprinkle remaining cheese on top of bread.
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Bake for additional 5 minutes, or until cheese has started to melt.
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Sprinkle with fresh flat-leaf parsley.