Step 1

In a small saucepan on medium-high heat, bring the evaporated milk to a boil.

Step 2

Continue to heat the milk while you add in the cheese. Heat and stir until the cheese is fully melted. The dip should start to thicken. If it does not, turn up the heat a little, then heat and stir until it thickens.

Step 3

Add cayenne pepper and canned tomatoes, including liquid, and stir well.

Step 4

Remove from heat.

Step 5

Serve warm with tortilla chips.