Water chestnuts wrapped in bacon

1. Cut each slice of bacon in half lengthwise and then in half widthwise. Wrap each water chestnut in one of the pieces of bacon and secure with a toothpick. Layout in a 9 x 13 pan.
Bake in a 350 degree oven for 30 minutes.
Mix remaining ingredients and pour into a second 9 x 13 pan.
Remove baked water chestnuts from grease in first pan, and swirl into sauce in second pan. Discard grease from first pan.
Bake for an additional 30 minutes or until hot.