1. Preheat the oven to 350 degrees.
2. In a medium bowl, stir together the cream cheese Frank's red hot sauce until well blended. Mix in the Ranch dressing, chicken and Cheddar cheese. Spread into a 9x13 inch baking dish.
3. Bake for 30 minutes in the preheated oven. If oil collects on the top, dab it off using a paper towel. Serve with tortilla chips