Effortless Shanghai Beef

Effortless Shanghai Beef 1 lb. Round steak cut into strips 1 med. Red pepper coarsely chopped 2 Tbsp. Oil 5 scallions cut diagonally into 1-inch pieces 2 Tbsp. Cornstarch 3 Tbsp. Soy sauce 1 1/2 cups beef broth 1/4 tsp. pepper 1 can (8oz.) water chestnuts 1 1/2 cups dry minute rice Sauté beef in oil until brown. Add cornstarch and blend well. Add broth water chestnuts, red pepper, scallions, soy sauce and pepper. Bring to a full boil stirring frequently. Stir in rice, remove from heat. Let stand 5 minutes