Flatten each biscuit into shape just large enough to fit 3-inch bat cookie cutter. Cut out bat shape; discard scraps. Place biscuits on baking sheet. Lightly score biscuits to outline bat wings; poke holes with toothpick for eyes. Brush biscuits with 1 tablespoon butter. Bake 7 minutes.
Meanwhile, combine cheese, remaining 2 tablespoons butter, parsley and basil in small bowl.
Turn biscuits on end and split into halves with forks. Spread 1 teaspoon cheese mixture on bottom half of each biscuit; replace biscuit top. Bake 3 minutes or until biscuits are golden brown.