3 (8 ounce) jars dried chipped beef2 tablespoons butter2 (8 ounce) packages cream cheese, softened1 tablespoon prepared horseradish1/4 cup chopped green bell pepper1/4 cup chopped red bell pepper1/4 teaspoon ground black pepper1/4 cup shredded Cheddar cheese
In a medium saucepan over medium heat, cook and stir the dried chipped beef in butter until evenly browned. In a medium bowl, whip the cream cheese, horseradish, green bell pepper, red bell pepper and pepper until well blended. Mix in 2/3 of the beef. Roll into a ball. Roll the ball in the remaining beef and the Cheddar cheese. Wrap in plastic and chill in the refrigerator at least 1 hour before serving.