In a medium saucepan, melt the butter over moderate heat.
Add the noodles and cook, stirring, until golden - 1 to 2 minutes.
Add the rice and cook, stirring, about 3 minutes more.
Add the chicken broth and pepper, bring the mixture to a boil, and lower the heat to a simmer.
Cover and simmer for 20 minutes or until the rice is tender.