- In skillet, or Dutch oven, heat oil over medium-high heat. Saute onion until translucent; remove and set aside.
- In same skillet, saute round steak until browned.
- Meanwhile, stir together mushroom soup, onion soup mix, beef broth and 1 cup water until blended; add onion and pour over browned meat. Reduce heat, cover with tight fitting lid, and simmer for 45 minutes to 1 hour, or until beef is fork tender, or for Dutch oven, cover and cook in preheated 350°F oven for 1 1/2 to 2 hours.