Cook sausage slices in 5-quart saucepan over medium-high heat until lightly browned on all sides, about 5 to 8 minutes, stirring frequently. Remove sausages to bowl. Add oil to saucepan. Cook onion, celery, red bell pepper and garlic over medium heat, about 5 minutes or until tender-crisp.
Add diced tomatoes, clam juice, TABASCO® Sauce, salt, okra and cooked sausages to saucepan. Heat to boiling over high heat. Reduce heat to low; cover and simmer 20 minutes. Stir in oysters; cover and simmer 5 minutes longer, stirring occasionally.
Serve with cooked rice.
Makes 6 servings.