1. Heat oil in large deep skillet or Dutch oven on medium-high heat. Add beef; brown on all sides. Drain fat, if desired.
2. Stir in Beef Stew Spices & Seasonings and water. Bring to boil on high heat, stirring occasionally. Reduce heat to low; cover and simmer 1 hour, stirring occasionally.
3. Stir in potatoes, carrots and onion; cover. Cook 45 minutes longer or until meat and vegetables are tender. Remove from heat. Stir in peas. Let stand 5 minutes.
Red Wine Variation: Prepare as directed, decreasing water to 2 cups and adding 1 cup red wine.