Preheat oven to 375 degrees F.
Cook ground beef with onions and green peppers. Then combine the drained beef with the tomato paste, sauce, water and seasoning and simmer until thick and bubbly. In a 13 x 8 pan make a single layer with 3 of the tortillas. Pour half of the sauce over it evenly, and sprinkle half the olives and half of the cheeses. Repeat. Bake for 25 to 35 minutes.