Place diced bacon in a large pan and cook until the fat renders out and the bacon starts to crisp. The bacon doesn't need to fully cook.
Add corn and butterbeans to pan with bacon and drippings.
Cover with water, add salt and pepper. Stir well.
Simmer covered for 30 minutes or until butterbeans are tender. Taste for seasoning. Serve with cornbread for a complete meal or use as a side dish.