Snap off tough ends of asparagus.
Remove scales from stalks with a knife or vegetable peeler, if desired.
Cook asparagus, covered, in small amount boiling water 6 to 8 minutes or until crisp tender.
Arrange on serving platter; keep warm.
Combine cornstarch and orange juice in a small saucepan; add orange rind, butter, and pepper.
Bring mixture to a boil; reduce heat and simmer, uncovered, 7 minutes or until mixture thickens slightly, stirring constantly.
Pour sauce on asparagus; garnish with orange slices.