Preheat oven to 350°F. Cook sausage in large skillet over MEDIUM-HIGH heat 8-10 minutes or until thoroughly cooked, stirring frequently; drain. Return to skillet. Add cheese, dressing, red pepper and olives; mix just until blended.
Line each of 36 mini muffin pan cups with 1 wonton wrapper, leaving center open for filling. Spray lightly with cooking spray. Bake 10 minutes.
Fill cups with sausage mixture; bake 7-10 minutes or until cheese is melted and filling is thoroughly heated.