In large saucepan, bring water and oil to a boil. Stir in rice and both seasoning packets. Return to a boil.

Cover; reduce heat to low. Simmer 20 to 25 minutes or until most of water is absorbed.

Transfer to large serving bowl and let cool 15 minutes.

Stir in onion, mushrooms, salami, ham, cheese, olives and dressing. Toss to combine. Serve warm or chill in refrigerator until ready to serve.