Taco Rice Casserole

1 pound ground beef
1/2 cup chopped onion
1/4 cup chopped green bell pepper
1 envelope taco seasoning
1 1/2 cups water
8 ounces tomato sauce
3 cups cooked rice
Velveeta cheese
Taco chips

Brown ground beef, onion and green pepper. Drain excess fat. Add taco seasoning and water and cook for 5 minutes.

Add tomato sauce and cooked rice and spoon into a 9 x 13-inch baking dish. Top with slices of Velveeta cheese. Bake at 350 degrees F until it bubbles.

Immediately before serving, add broken taco chips to top of casserole. Serve with chopped lettuce, chopped tomatoes, taco sauce or salsa and black olives.