1. Combine first 6 ingredients in a small bowl.
2. Pat lamb dry, and place, fat side up, on a rack in a roasting pan. Make several 1-inch-deep slits in lamb with a paring knife; rub olive oil mixture over lamb, pressing mixture into slits. Cover loosely with foil, and let stand at room temperature 30 minutes.
3. Meanwhile, preheat oven to 400°. Uncover lamb, and sprinkle with salt and pepper
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