– 5 strips bacon (cut into bite-sized pieces ) – ▢1/2 large onion (diced ) – ▢1 cup carrots (diced ) – ▢3 tablespoons all-purpose flour – ▢3 cups whole milk – ▢1 1/2 cups water – ▢2 1/2 cups potatoes (diced ) – ▢1 can whole kernel corn – ▢2 teaspoons chicken bouillon – ▢1/4 teaspoon ground white pepper – ▢3 cups shredded cheddar cheese – ▢2 cups fully cooked ham slices (cut into small pieces )