Cube the bread.

Shred the Old English cheese.

Shred the chipped beef.

Grease an 8 x 11-inch baking dish with some of the oleo.

Layer the bread in the dish.

Layer the shredded beef on top of the bread.

Layer the shredded cheese on top of the beef.

Repeat the layers of bread, beef, and cheese at least twice.

In a separate bowl, beat the eggs.

Add the milk and pepper to the beaten eggs and mix well.

Pour the egg mixture evenly over the layered ingredients in the baking dish.

Dot the top of the casserole with the remaining oleo.

Cover the dish and refrigerate for several hours, or preferably overnight.

Preheat the oven to 350°F (175°C).

Uncover the casserole and bake in the preheated oven for 50 to 60 minutes, or until golden brown and set.