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1. Add the oil to a saucepan over medium-high heat and add the next 4 ingredients and sauté until tender.
2. Add the bell pepper, water, corn, cream of chicken soup, and white kidney beans in saucepan and bring the mixture to a boil.
3. Cover, lower the heat and sauté for another 5 minutes.
4. Sprinkle with shredded cheddar and serve.
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