1 lb. beef tips
3 cups water
1 env. Lipton dry onion soup mix
1 (10 oz.) can cream of mushroom soup
Salt & pepper to taste

Simmer beef tips in water for 1 hour. Add dry onion soup mix and mushroom soup. Bring to boil, then cook slowly for another hour or so. Salt and pepper to taste (optional), and serve over cooked rice.