In a bowl, mix together ¼ cup olive oil, bacon, Parmesan cheese, black olives, garlic and basil. Set aside.
Preheat oven to 375 and place french bread on a baking sheet. Lightly coat one side of the bread with olive oil. Bake for 5 minutes and remove from oven.
Top bread with topping and bake for 5-6 minutes or until heated through.