1 lb. bacon
2 cans water chestnuts

SAUCE:

1 c. mayonnaise
8 tbsp. brown sugar
8 tbsp. chili sauce

Cut bacon strips in half; fry to remove grease, but not hard. Drain and cool. Wrap chestnuts in bacon; secure with toothpicks. Mix sauce well. Pour over chestnuts and bake at 350 degrees for half hour or until crisp.