Directions ~- ~- Cook Bacon Until Crisp. Drain On Paper Towel. Pour Off Half The Bacon Drippings And Add Butter. Saute Onion Until Tender And Lightly Browned. Combine Soup, Milk And Water In Saucepan. Add Dash Of Cayenne Pepper And Salt. Heat, Stirring. Crumble Bacon And Add To Soup Along With The Onion. Continue Heating Unti Bubbly. Garnish With Paprika.