1 lb. bacon
2 cans whole water chestnuts
1 c. brown sugar
1 (14 oz.) bottle ketchup

Cut bacon into thirds. Wrap bacon around chestnuts and secure with toothpicks. Place on cookie sheet. Bake at 350 degrees for 30 minutes or until bacon is crisp. Drain and place into 13 x 9 inch pan. Mix brown sugar and ketchup together and pour over all bacon wrapped chestnuts. Then place in oven at 350 degrees for 20 minutes

Can be made ahead and refrigerated before baking the second time.