Thoroughly mix 1/4 cup gravy, 1/4 cup picante sauce, beef, bread crumbs and egg in a large bowl. Shape the mixture firmly into 6 loaves and place into a large baking pan.
Bake at 400°F. for 30 minutes or until the meat loaves are cooked through.
Heat the remaining gravy and picante sauce in a 2-quart saucepan over medium-high heat until the mixture is hot and bubbling. Serve the gravy with the meat loaves and potatoes.