Easy Meatloaf with Cheese Sauce

1/2 lb. Velveeta loaf cheese
1/2 c. milk
2 tsp. dry mustard
1 lb. ground beef
1/3 c. old-fashioned or quick oats, uncooked
1/4 c. catsup
1/2 c. finely chopped onions

Preheat oven to 350 degrees. Stir Velveeta, milk and mustard in small saucepan over low heat until smooth. Take 1/2 cup mixture and remaining ingredients in large bowl and blend. Shape into 8 x 3 inch loaf in 10 x 6 inch baking dish. Bake 40 minutes. Serve with reserved cheese spread.

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