Step 1

Crumble bread in large bowl and pour the hot water over the bread. In another bowl combine the remaining ingredients except for the nuts and whisk together. Add crumbs and mix well with spoon. Spray a 9 x 9 square baking dish and pour in bread mixture. Sprinkle walnuts over top. Bake in preheated 350 degree oven for 35 to 40 minutes. Makes about 8 servings.

Step 2

Mix all ingredients in sauce pan and bring to boil on top of the stove. Let boil one minute. Remove and cool. This sauce thickens as it cools. Pour over bread pudding or ice cream.