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Preheat oven to 425 degrees.
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Pound chicken to flatten it.
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Place chicken in a sprayed 13x9 inch pan or baking dish.
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In a small bowl combine mayonnaise, Ranch mix, and cheddar cheese.
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Spread mayonnaise mixture on top of chicken.
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Sprinkle Panko on top and spray lightly with cooking spray.
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Bake 25-30 minutes, until chicken is cooked through.