Step 1: Heat oil in heavy large pot over medium-high heat.
Step 2: Add beef and sauté 1 minute uncovered.
Step 3: Add beef stock, tomato paste, sugar, thyme, worcestershire sauce and bay leaves.
Step 4: Stir to combine and bring to a boil.
Step 5: Reduce heat to medium-low, cover and simmer 1 hour, stirring occasionally.
Step 6: Meanwhile, melt butter in another large pot over medium heat.
Step 7: Add potatoes, onion and carrots.
Step 8: Sauté vegetables until golden, about 20 minute.
Step 9: Add vegetables to beef stew.
Step 10: (Optional) mix corn starch in 1 or 2 tablespoons cold water. Add to stew and stir thoroughly to thicken broth.
Step 11: Simmer uncovered until vegetables and beef are very tender.
Step 12: Discard bay leaves, let cool then tilt pan and spoon off fat.
Step 13: Can be made in morning or day before.
Step 14: Heat, sprinkle with parsley and serve.
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