In a large bowl, mix hamburger, chopped onion, chopped green pepper, egg, bread, and 1/2 a can of tomato soup with your hands until mixed throughly.
In a 9 x 13 x 2 in pan take mixed items in bowl and form a loaf in middle of pan and bake on 350 for 45 minutes.
While meatloaf is baking, peal and chop potatoes into large pieces. (can use red skin potatoes if dont want to do any peeling) Set potatoes aside.
In a sauce pan put 2 1/2 cans of tomato soup, 1/2 can water, and cut up pieces of velvita cheese. Heat on medium high, stirring frequently, till cheese is melted.
Take meatloaf out after 45 minutes and drain grease from pan, place potatoes around meatloaf in pan and pour sauce over the top of the meatloaf and potatoes. Place back in oven and bake on 350 until potatoes are soft.