From 1 orange, grate enough peel to measure 1 tsp. Peel and section oranges, reserving any juice. Place orange sections and orange peel in medium bowl; stir in fennel, fennel seeds and chile pepper. Let stand 10 minutes. Drain, reserving juices.
Combine Hellmann's® or Best Foods® Real Mayonnaise with honey in measuring cup or small bowl. Stir in reserved juices. Spoon Mayonnaise dressing over fennel mixture and toss well. Garnish with reserved fennel fronds, chopped.