1 lb. ground beef

1 red pepper, chopped

1 onion, chopped

1 pkg. (1-1/4 oz.) TACO BELL® Taco Seasoning Mix

1/2 cup water

4 cups frozen Southern-style hash browns

1 pkg. (10 oz.) frozen corn

1/2 lb. (8 oz.) VELVEETA®, cut into 1/2-inch cubes

make it

HEAT oven to 350°F.

BROWN meat with peppers and onions in large skillet; drain. Return to skillet.

STIR in taco mix and water. Add potatoes, corn and VELVEETA; mix well. Spoon into 13x9-inch baking dish; cover.

BAKE 20 min.; stir. Bake, uncovered, 15 min. or until heated through.