1 block Velveeta cheese
1 med. onion, diced
1 med. green pepper, diced
1/2 jar Picante sauce (medium hot)

Saute onions and peppers in butter in separate saucepan. Melt Velveeta cheese in separate saucepan. Add sauteed onions, peppers and Picante sauce. Mix well, let cook for 15 to 20 minutes on low heat. Serve hot with nacho chips. Also goes great on tacos or enchiladas.