1 sm. pkg. cream cheese, softened
1 sm. carton sour cream
1 can Old El Paso refried beans
1 pkg. taco seasoning
1 (8 oz.) pkg. Colby cheese, shredded
1 lg. bag nacho chips

Mix together all ingredients in a round glass baking dish except nacho chips. Make sure to reserve enough shredded cheese to sprinkle on top.

Bake at 375 degrees for 20 to 25 minutes. Serve hot, using nacho chips to dip with. Variations: Add green pepper and black olives.