Step 1

Preheat oven to 350° F.Grease 12 x 8-inch baking dish.

Step 2

Combine bread and cranberries in large bowl.Combine evaporated milkeggsbuttersugarvanilla extractcinnamon and nutmeg in medium bowl.Pour egg mixture over bread mixture; combine well.Pour mixture into prepared baking dish.Let stand for 10 minutes.

Step 3

Bake for 35 to 45 minutes or until knife inserted in center comes out clean.Top with caramel sauce.