3 pounds potatoes (about 6 medium), peeled and cubed
1/2 cup finely chopped onion
1 pound cubed Velveeta
1 cup mayonnaise
1/2 pound sliced bacon, cooked and crumbled
3/4 cup sliced ripe olives
Chopped fresh parsley, optional
Place potatoes in a large saucepan and cover with water. Bring to a boil. Reduce heat; cover and cook for 10-15 minutes or until tender. Drain. In a large bowl, mix potatoes with onion, cheese and mayonnaise.
Transfer to an ungreased 13x9-in. baking dish. Sprinkle with bacon and olives. Cover and bake at 350° for 30 minutes or until heated through. Sprinkle with parsley and paprika if desired.