PREHEAT broiler. Position oven rack 6 inches from heat source.
COMBINE butter, garlic, cheese and parsley with a fork in a small bowl until thoroughly blended.
SLICE bread in half lengthwise and place on baking sheet. Spread half of butter mixture on each half of the bread. Cut 12 slices into each half about 2/3 of the way through.
PLACE bread in oven under broiler for 2 to 4 minutes or until beginning to turn golden brown at edges and on top.