2 cans water chestnuts, cut in half
1 lb. bacon, cut strips in thirds
1/2 c. brown sugar
1/4 c. mayonnaise
1/4 c. chili sauce

Wrap bacon around water chestnut. Bake at 350 degrees for 30 to 40 minutes or until done.

SAUCE: Mix remaining ingredients and add to cooked bacon/water chestnuts. Bake at 350 degrees for 15 minutes.