Combine beef, salt, pepper and thyme; mix well. Place in a greased 13-in. x 9-in. x 2-in. baking pans.
Bake, uncovered, at 400 degrees for 15 minutes; stir. Bake 15 minutes longer; drain.
Combine the soup, water, onion, parsley and browning sauce. Pour over beef; mix well. Cover and bake at 350 degrees for 1 1/2 to 2 hours or until the beef is tender.