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Mahogany Beef Stew

    4 tablespoons olive oil
    3 1/2 pounds boneless beef chuck roast, trimmed, cut into
       2 1/2-inch pieces
    3 1/2 cups chopped onions
    2 cups Cabernet Sauvignon
    1 14.5-ounce can diced tomatoes with Italian herbs, undrained
    1/2 cup hoisin sauce
    2 bay leaves

    1 lb. slender carrots, peeled, cut diagonally into 1-inch lengths
    1 tablespoon cornstarch mixed with 1 tablespoon water
    2 tablespoons chopped fresh parsley

  Heat 2 tablespoons oil in heavy large pot over high heat. Sprinkle
 meat with salt and pepper. Add meat to pot; saute until brown on all
 sides, about 10 minutes. Push meat to sides of pot. Reduce heat to
 medium; add 2 tablespoons oil to pot. Add onions; saute until golden
 brown, about 15 minutes. Mix meat into onions. Add 1 cup wine,
 tomatoes with juices, hoisin sauce, and bay leaves. Bring to boil.
  Reduce heat to low, cover pot and simmer 45 minutes, stirring
 occasionally. Add carrots and 1 cup wine. Cover; simmer 30 minutes,
 stirring occasionally. Uncover, increase heat to high; boil until
 sauce is slightly thickened, stirring occasionally, about 15 minutes
 longer. Reduce heat to medium, add cornstarch mixture and simmer
 until sauce thickens, stirring occasionally, about 8 minutes. Discard
 bay leaves. Season stew with salt and pepper. Transfer stew to large
 bowl. Sprinkle with parsley; serve.


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