Souper Meatloaf

1 can Cream of mushroom soup

1 envelope dry onion soup mix

2 lb ground beef

1/2 can dry bread crumbs

1 egg -- beaten

1/4 cup water

Mix thoroughly 1/2 cup mushroom soup, packet of onion soup mix, beef, bread crumbs, and egg. In 2 quart oblong baking dish, firmly shape into 8x4 inch loaf. Bake at 350? for 1 1/4 hour. Spoon off fat and reserve 1/2 tbs for drippings. In 1 quart saucepan, combine remaining mushroom soup, water and reserved drippings. OVer low heat, heat through, stirring occasionally. Pour over meatloaf slices on plates or over entire meatloaf.