Step 1: In a bowl beat soft butter and Velveeta spread and egg until smooth. Stir in chilies, salsa and cheddar cheese. Spread very thin amount of cheese mixture on each slice of one loaf of bread (I would say 1 to 1 1/2 tablespoons).
Step 2: Top with remaining bread; spread with more cheese mixture. Cut each sandwich into four squares; place on a greased baking sheet. Bake at 350° for 10 to 15 minutes.
Step 3: FOR FREEZING; place unbaked cheese squares in a single layer on a baking sheet. Freeze for 1 hour. Remove from the baking sheet and store in an airtight container in the freezer until needed. To bake frozen, place squares on a greased baking sheet. Bake at 350° for 15-20 minutes or until bubbly and browned.
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