Step 1

Soak dried beef in hot water for 10 minutes. Drain and chop into medium to small pieces.

Step 2

Melt butter in a skillet over medium heat. Add beef to butter and saute 2 minutes. Remove with a slotted spoon and set aside.

Step 3

Whisk in flour to form a roux. Cook for 1 minute.

Step 4

Gradually whisk in milk. Increase heat and bring to a simmer.

Step 5

Add beef and pepper and simmer for a few minutes to thicken. Serve with toast.