Meanwhile, add potatoes to a large saucepan adding enough water to cover
Bring to a boil on high heat then reduce to medium heat and cook, uncovered, for 10-15 minutes. Until potatoes are tender. Drain, reserving ½ cup potato water.
Add corn, milk, salt, pepper and reserved potato water to saucepan; heat through.
Stir in bacon and cheese. Serve warm.