Preheat the oven to 400 degrees F. In a small bowl mix together butter, olive oil, romano cheese, garlic, basil, red bell pepper, and ground black pepper.
Slice the French bread in half lengthwise.
Cut each half crosswise into three pieces. Spread the butter mixture over the top of each piece of bread evenly. Top with the shredded chicken.
Sprinkle mozzarella and parmesan over the chicken.
Place into the oven and bake at 400 Degrees F. for 8-12 minutes or until the cheese is melted and golden brown.