Heat oven to 400°F. Lightly grease cookie sheet. Separate dough into 10 biscuits. Place 1 biscuit in center of greased cookie sheet. Arrange remaining biscuits in circle, edges slightly overlapping, around center biscuit. Gently press out into 10-inch round.
In small bowl, combine margarine and chili powder; brush over biscuits. Sprinkle with chiles and cheese.
Bake at 400°F. for 10 to 17 minutes or until deep golden brown. To serve, pull apart warm biscuits.