Preheat oven to 350°F. Mix ground beef, bacon, 1 cup of the cheese, bread crumbs, egg and seasonings in large bowl.
Shape into a loaf on shallow baking pan. Pour ketchup over top.
Bake 45 minutes. Sprinkle meat loaf with remaining 1/2 cup cheese; bake 10 to 15 minutes longer or until meat loaf is cooked through. Let stand 5 minutes before serving.