In a large bowl, combine the egg, milk, onions, green pepper and bread crumbs. Crumble ham and sausage over mixture and mix well.
Pat into an ungreased 9-in. x 5-in. loaf pan (pan will be full). Place on a baking sheet. Bake, uncovered, at 350° for 70-80 minutes or until a thermometer reads 160°.
In a small saucepan, combine the cranberry sauce, water and corn syrup. Bring to a boil. Reduce heat; simmer, uncovered, for 5 minutes or until thickened. Remove ham loaf to a serving platter; serve with cranberry sauce. Yield: 8 servings.