In a 2-quart saucepan bring milk, water, and butter to a low boil over medium heat.
Whisk in cornmeal, salt, and pepper and whisk until thoroughly combined.
Turn heat to low and cook, stirring often with a wooden spoon or spatula, for about 15 minutes.
Stir in the cottage cheese and cook for 5 minutes more, stirring continuously.
Stir in the basil and then serve.
