In large skillet cook sausage and beef until brown; drain fat.
In 4-quart slow cooker stir together meat, undrained tomatoes, Worcestershire sauce, tomato paste, lima beans, carrots, potatoes, onion, pepperoni, ground red pepper, oregano, 2 cups water and salt and pepper to taste.
Cover and cook on LOW 8 to 10 hours or on HIGH 4 to 5 hours. Cook rice according to package directions. Stir rice into stew during last 15 minutes of cooking. Add peas and cashews, if desired.
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