Soften the morel caps, wash well, drain and halve the larger ones lengthways. Cut the shallots into thin strips, halve the asparagus tips lengthways, cut diagonally into approx. 2 cm long pieces. Heat the butter in a pan, sauté the shallot and morels for approx. 3 mins. Add the asparagus, season, cover and cook on a low heat for approx. 5 mins.
Pour in the single cream then simmer, uncovered, for approx. 5 mins. Roughly chop the chives and add along with the Vermouth, mix.