Between 2 sheets of waxed paper or plastic wrap, pound chicken breasts with a meat mallet until meat is uniform thickness; about ¼-inch.
Cut into serving-sized pieces.
In a deep, heavy skillet or sauté pan, over medium heat, heat the butter with 1 tablespoon olive oil..
Dredge chicken in seasoned flour.
Add to hot skillet.
Sauté until golden on each side, about 5 minutes per side; remove from pan.
Add remaining olive oil to hot skillet.
Sauté mushrooms and garlic until mushrooms begin to brown.
Add white wine to skillet, scraping up all the browned bits that are at the bottom of the pan; this is called “deglazing”.
Bruise the fresh thyme by twisting it between your fingers or hitting it with the dull side of a knife in a few places.
Add thyme to mushroom/wine mixture in pan.
Add salt and pepper to taste.
Add the chicken back to the pan.
Bring to a boil, then reduce heat, cover and simmer for 15-20 minutes.
Remove chicken from pan.
Add the cream and heat through.
Add the asiago cheese; if you like it strongly flavored, use ½ cup; not as strongly flavored, use the ¼ cup–asiago is a powerful cheese and you can even use less for just a whisper of flavor.
Cook, stirring constantly over low heat until cheese melts.
Continue cooking until sauce is reduced by about ½.
If you wish to skip the reduction step, you may thicken the sauce slightly with about 1 tablespoon flour or 1 tablespoon cornstarch mixed with 2 tablespoons water; however, the reduction will taste better.
Add chicken back to pan and heat through.
Garnish with sprigs of fresh thyme.
May be served over any pasta.