I have the Regal 2 lb. machine.
I find that I only need 1 to 1 1/4 tsp. of yeast. Also, only use cold or room temperature ingredients, not warm.

Light French Bread

1 1/4 cup + 1 Tbsp. water
1 Tbsp. butter
1 Tbsp. sugar
1 1/4 tsp. salt
3/4 Tbsp. olive oil
3 1/3 cup flour
1 1/4 tsp. yeast

Use the large light setting.