Cook grits in boiling water according to package directions.
Stir in butter or margarine until melted. Stir in eggs, salt, hot pepper sauce, and red pepper. Fold in cheese.
Turn mixture into a 1-1/2-quart baking dish. Bake, uncovered, in a 325 degree F oven about 30 minutes or until bubbly. Makes 6 to 8 side-dish servings.