In a large saucepan, brown ground beef. Drain fat, rinse if desired.

In a separate bowl, combine the remaining ingredients (do not drain the Rotel or the corn). Stir well

Once meat is drained, return to the saucepan and mix in the ingredients from the bowl. On low heat, let simmer for 20 minutes. Serve in a bowl. Garnish with grated cheese and tortilla chips if desired.