1 1/2 lbs. ground round
1 lg. grated potato
1 sm. grated onion
1 (12 oz.) bottle chili sauce
1 (10 oz.) grape jelly

Mix meat, potato and onion together and form small balls. Brown meatballs in butter. Remove fat from pan. Gently stir in jelly and chili sauce until jelly melts. Cover each meatball with sauce mixture. Let simmer for 30 minutes, uncovered, stirring occasionally.