Nacho cheese sauce

Water, milk (milk, vitamin d3 added), american cheese (american cheese [pasteurized milk, cheese cultures, salt, enzymes], water, cream, sodium phosphate, color added, salt, sorbic acid [preservative]), soybean oil, modified cornstarch, contains less than 2% of cheddar cheese flavor base (cheddar cheese concentrate [cheddar cheese {pasteurized milk, cheese cultures, salt, enzymes}, water, sodium phosphate, enzymes], salt, yeast extract, corn oil, sweet cream, butter [cream, natural flavoring], whey [milk], sugar, mustard seed, natural flavor), dehydrated red and green peppers, fruit and vegetable juice (for color), salt, spices.