Heat oven to 350°F. Lightly grease cookie sheet. Separate dough into 8 biscuits. Press or roll each to form 6 1/2-inch oval.
Spread each biscuit with 1 teaspoon ketchup and 1 teaspoon mustard. Place 1 hot dog in center of each biscuit. Roll dough around hot dog; seal ends and edges well. Place seam side down on greased cookie sheet.
Bake at 350°F. for 15 to 18 minutes or until golden brown.