Mad Hatter Meatballs

I thought these were quite good. From Betty Crocker Boys and Girls Cookbook.

• Ready In: 1 hr
• Serves: 6

Ingredients

• 1  tablespoon butter
• 1  green pepper, chopped
• 1  onion, minced
• 1 (10 1/2ounce) can  chicken and rice soup
• 1 (10 1/2ounce) can  tomato soup
• 1  cup water
• 1  egg
• 1  lb ground beef
• 2  slices  soft  bread, torn into pieces
• 1⁄4 cup evaporated milk
• 1  teaspoon salt

Directions

1. Melt butter in skillet. Add green pepper and onion and cook until tender.
2. Stir in soups and water. Heat to boiling. Then turn down heat and simmer sauce, stirring occasionally.
3. While this sauce cooks, make meatballs. Beat egg slightly in bowl. Add ground beef, bread, evaporated milk and salt and mix well.
4. Shape meat into balls about the size of ping-pong balls.
5. Drop balls into simmering sauce and cook slowly about 1 hour, or until sauce has thickened.