Meatballs:
½ cup bread crumbs
3 T. milk
1 egg
1 ½ lbs. ground beef
¼ tsp. cayenne
1 tsp. garlic powder
1 tsp. lemon pepper
1 T. Worcestershire sauce
Sauce:
1 jar (18 oz.) peach preserves
1 bottle chili sauce
½ packet “Beefy Onion” soup mix
Preheat oven to 350 degrees. In a large bowl, blend bread crumbs and milk with a fork; beat in the egg. Add ground beef and remaining ingredients; combine by hand until completely blended. Roll meat mixture into 1 ½ - inch balls and place on baking sheet. Bake 25 minutes.
Meanwhile, in a large saucepan, whisk together sauce ingredients. Cook over medium heat until heated through. Add cooked meatballs, stir to coat, and simmer about 20 minutes. Serve, with glaze, over steamed rice.