In a skillet over medium heat, saute the garlic, onion and peppers in the olive oil until the vegetables are softened.
Let cool completely.
Combine the pepper mixture with the butter and mix well to combine.
Preheat the broiler.
Open the clams and place on a baking sheet. Top each clam with a dollop of compound butter, some bacon and breadcrumbs. (You may not use all of the butter.)