Combine carrots, 1/4 cup water, 1 1/2 Tbsp tarragon, butter, vinegar and honey in heavy large skillet. Bring to a boil. Reduce heat to medium; cover and simmer until carrots are almost tender, about 12 minutes.
Uncover; cook until carrots are tender and liquid is reduced to glaze, about 6 minutes longer. Season with salt and pepper. Transfer to serving bowl. Sprinkle with 1 1/2 Tbsp tarragon.
Servings: 6