Heat oven to 400°F. Grease 8 muffin cups. In medium bowl, combine margarine, honey, orange juice and orange peel; blend well. Set aside.
Separate dough into 8 biscuits. Cut each biscuit in half. Dip each biscuit half in honey mixture. Place 2 biscuit halves, side by side, rounded side up, in muffin cup. Drizzle any remaining honey mixture over biscuits.
Bake at 400°F. for 10 to 12 minutes or until golden brown. Cool 1 minute. Carefully remove from pan. Serve warm.