Bacon and waterchestnut wraps

These are Easy, a little time consuming, but VERY addictive!

3 cans whole water chestnuts, drained
1 lb. bacon, cut into thirds
1 1/2 c. ketchup
1 1/2 c. brown sugar

Wrap bacon around chestnuts and secure with toothpicks. Bake at 350 degrees uncovered for 45 minutes. Drain.

Combine sugar and ketchup to make sauce. Pour over appetizers. Bake at 350 degrees covered for another 45 minutes.