my wife carol and i are both in our early forties and have a good sex life.i have allways loved to see ladies undies and on the right occasion have worn carols panties and enjoyed wanking into them.carol didnt mind and in fact wouldlay a pair of panties on the bed if she was feeling really horny.as she new that with the panties on i would really give her a good fucking. during this recent hot weather she had been leaving washingout overnight,but a couple of mornings ago she found that two pairs of panties were missing.she asked me if i had them as she new i like to wank in them,ireplied no i havent got them so we assumed that some one had crept in the garden at night and taken them.well she had some more taken a night later so i decided to set up a hidden camera to see who was taking them.that night she hung out some really sexy red and black panties and matching suspender belts and bras,a real horny set that i had wanked in many a time. sure enough next morning they were gone so i went straight to the video tape and looked on it. whenit came to the bit where the pantie thief came into thr garden i could see it was one of the neighbors who lives across the road called alan.he is about 25 and lives with his mum. later that morning i saw his mum go to work so i went across to se him and to get carols panties back. i went to the house and was just about to knock on the door when i heard something move around the side of the house.i went around the back and there in the front room stretched out on the sette was alan all in lingerie. he had a blond wig on my wifes pantie set and black stockings. also he was wanking a BIG hard cock,i didnt no what to do and as i moved i knocked a pot plant over and alan saw me and jumped up.so in i went and asked him what was the idea of stealing my wifes panties,he stood there with his cock still semi hard and started trying to tell me he was going to give them back etc etc. i sid i think i better phone the police and he said no please dont do that and that he would do anything as long as i didnt tell the police. i asked him if he had cum in carols undies and he said i was nearly there when you disturbed me.so i thought well i will humiliate him a little as his punishment.i told him to wank his cock till he shot of in the panties,he started to stroke his cock it must be 8 inches with abig head on it prety soon it was rock hard and he was squatting down with carols pantie held away from his cock by the waist band and wanking with his other hand. i found i was getting hard watching this and he spotted that.he moved over to where i was and put his pantie holding hand on my growing bulge and moved it around. i groaned and he said let me help you and undid my trousers and pulled my pants down my cock sprang up and he put it straight in his mouth and sucked it.i shot of almost immediatley and he gulped the cum down and licked his lips and said that was nice but now its my turn to cum. he pulled the pantie to one side and fed his cock to me.i had never sucked a cock before but i had it inmy mouth and he was wanking it as well ,after no time at all alan said oh my god i am cumming suck me suck me.so i did and he came in my mouth as well and i must admit it didnt taste to bad and i managed to get most of it down. he then told me he was going to try and get a sex change but could not afford it,he wanted to be a girl. with that he was playing with my cock and told me that girls love tobe fucked and he wanted me to fuck him.well my cock was hard and he loked good in undies so he lay across the end of the sette and told me to come in to him.he took my cock and fingered it in his hole,boy was it tight i have fucked carols arse loads of times but could alan move on my cock he loved it and moved his arse on my cock like i have never had before.when i was cumming his cock shot of as well and he wasnt even touching it. needles to say i let him keep the panties and i am wondering if he will be my girl again