Place bacon in a 2-quart casserole dish. Cover and microwave 4 to 5 minutes, or until crisp. Remove bacon, crumble and set aside.
Drain clams and add liquid to bacon drippings. Stir in potatoes and onion. Cover and microwave on high 9 to 12 minutes or until potatoes soften. Stir flour into half the milk. Add flour mixture and remaining milk, cream, clams, salt and pepper to hot liquid. Cover and microwave 4 to 5 minutes.
Garnish with butter, oyster crackers and crumbled bacon.
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