Drain pineapple reserving 1/4 c. syrup.
Cut bacon slices in halves;
wrap each half slice of bacon around a chunk of pineapple.
Assemble skewers with olives and pineapple chunks alternating.
Blend chili sauce and reserved syrup; brush over skewers.
Broil. use remaining chili sauce as dunk.
Broil 3" from heat 6 min., or until done, turning once.