1 lb. ground beef
1 med. onion, chopped fine
1 can cream of chicken soup
1/2 soup can milk
4 oz. taco or picante sauce
1 (4 oz.) can chopped green chile peppers
1 c. shredded Monterey Jack cheese

(May also use American or cheddar cheese)

Brown ground beef and onion until onion is tender and beef is no longer pink. Drain beef and onion. Add soup, milk, taco sauce, and chile peppers. Cook over medium heat until mixture begins to simmer.