Preheat the oven to 350 degrees F (175 degrees C).

In a large bowl, thoroughly mix the ground beef, 1/2 cup of Campbell's Tomato, Chipotle & Olive Oil Soup, chopped onion, dry bread crumbs, beaten egg, salt, and black pepper.

Place the beef mixture into a 13x9x2-inch baking pan.

Firmly shape the mixture into an 8x4-inch loaf.

Bake in the preheated oven for 1 hour 10 minutes, or until the meatloaf is cooked through.

Let the meatloaf stand for 10 minutes before slicing.

In a 1-quart saucepan, heat 2 tablespoons of pan drippings over medium heat.

Add the remaining soup and water to the saucepan.

Heat the mixture until it is hot and bubbling, stirring occasionally.

Serve the tomato chipotle sauce with the sliced meatloaf.