Preheat oven to 350oF. Arrange bread slices on large cookie sheet. Bake 5 minutes or until lightly browned on one siode. Remove cookie sheet oven.
Meanwhile, in small bowl, stir mayonnaise, chil sauce, horseradish, and green pepper until blended. (Could substitute 1,000 Island dressing).
With knife, spread some mayonnaise mixture on toasted side of each bread slice. Top each slice with some corned beef, sauerkraut, then cheese, cutting corned beef and cheese slices to fit. Bake about 10 minutes or until cheese is melted. Serve immediately. Makes about 3 dozen canaps.
Each canape: About 60 calories, 4 g fat, 10 mg cholesterol, 135 mg sodium.