1 (7 oz.) pkg. ring macaroni, uncooked
1 1/2 c. grated cheese
1 tsp. minced onion
2 1/2 c. milk
2 cans mushroom soup
1 c. bleached slivered almonds
2 tsp. butter
1 sm. bottle stuffed olives, chopped
2 c. Spam, diced

Mix all ingredients in a large bowl. Pour into casserole and bake 1 hour at 350 degrees. This can be mixed up in advance and kept in refrigerator overnight.