2 cans whole water chestnuts
1 1/2 lbs. bacon, cut into fourths

Roll bacon around water chestnuts and stick with a toothpick to hold. Place on a rack (over cookie sheet) and bake for 45 minutes at 350 degrees.

Mix sauce of:

1/2 c. brown sugar
1/4 c. ketchup
1 tsp. chili powder

Pour over baked water chestnuts and bake again for 25 minutes.