Coat large Dutch oven with nonstick cooking spray. Heat over medium heat. Add carrots, fennel, onion and garlic; sauté 8 minutes or until onions are cooked and carrots are just crisp-tender. Add broth; cover and bring to boiling. Reduce heat, uncover and simmer 10 minutes or until carrots are tender. Stir in 1/2 teaspoon thyme, salt, pepper and milk; cook 5 minutes more.
Process mixture with electric blender until smooth. Serve immediately, garnished with additional thyme, if desired.
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