1 can water chestnuts
1 lb. bacon, uncooked
1/2 c. ketchup
1/2 c. granulated sugar

Cut each chestnut in half. Cut each piece of bacon in 1/3 pieces. Wrap chestnuts in a bacon slice and secure with a toothpick. Bake on oven rack at 300 degrees for 1 hour. Pour off grease and put chestnuts in a pan and pour the ketchup and sugar mixture over the top. Bake again at 300 to 325 degrees for 45 minutes. This will make 30-35 pieces.