In 10-inch skillet place asparagus spears; add enough water to cover.
Bring to a full boil.
Cook over medium heat until asparagus is crisply tender (5 to 7 minutes).
Drain; return to skillet.
Add all remaining ingredients, pushing asparagus to side just until butter is melted.
Cook over medium heat, stirring occasionally, until heated through (5 to 7 minutes).