In a medium saucepan, COMBINE sugar and cornstarch; STIR well.
Gradually ADD water, STIRRING until smooth; STIR in vinegar and oil.
COOK over medium heat, STIRRING constantly, until thickened.
ADD beets, salt and pepper; COOK until thoroughly heated, about ten minutes.
Per Serving (excluding unknown items): 164 Calories; 7g Fat (36.1% calories from fat); trace Protein; 27g Carbohydrate; trace Dietary Fiber; 0mg Cholesterol; 134mg Sodium. Exchanges: 0 Grain(Starch); 1 1/2 Fat; 1 1/2 Other Carbohydrates.