4 lg. red potatoes, peeled and cooked (about 2 pounds)
1 1/2 cups whole kernel corn
1 cup shredded carrot
1/2 cup chopped red onion
1/2 cup chopped green pepper
1/2 cup diced sweet red pepper
1/2 cup sliced pitted ripe olives

Cube potatoes; combine with corn, carrot, onion, peppers and olives in a salad bowl. Pour dressing over; toss lightly. Cover and chill.

Dressing:

1/2 cup olive oil
1/4 cup vinegar
1 tbsp. sugar
1 1/2 tsp. chili powder
1 tsp. salt
dash hot pepper sauce

In a small bowl, combine all dressing ingredients, cover and chill.