Heat oven to 350°F. In medium bowl, combine all meatball ingredients; mix well. Shape into 1-inch balls. Place meatballs in 15×10×1-inch baking pan. Bake 20 minutes or until brown.
In medium saucepan, combine all sauce ingredients; mix well. Cook over medium heat until mixture boils and thickens, stirring occasionally. Add meatballs. To serve, place meatballs and sauce in fondue pot or chafing dish.
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