COMBINE butter, jalapenos and lime; CHILL.
RUB corn with olive oil; SPRINKLE with salt and pepper.
HEAT grill to high (400°); GRILL ears until tender, about 20 minutes, TURNING often.
SERVE ears accompanied by flavored butter.
Per Serving (excluding unknown items): 246 Calories; 20g Fat (67.9% calories from fat); 3g Protein; 18g Carbohydrate; 3g Dietary Fiber; 41mg Cholesterol; 969mg Sodium. Exchanges: 1 Grain(Starch); 0 Vegetable; 0 Fruit; 3 1/2 Fat.