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In a large saucepan, cover the chopped potatoes with cold water and bring to a boil. Reduce heat to medium and cook until potatoes are very tender when stabbed with a fork, about 15 minutes. Drain well. Return to the saucepan and add the cream and butter. With a hand mixer, blend until smooth (do not over-whip).
Add the olives and thyme.
Garnish each serving with a sprig of thyme.
Season generously with salt and pepper and serve immediately.