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1. Coarsely crush the cereal and place in a shallow dish. Set aside.
2. In another shallow bowl beat eggs, cinnamon, and nutmeg until well mixed. Dip the bread slices in the egg mixture until moistened, turning to coat, then dip both sides in crushed cereal until coated.
3. In a large skillet or griddle melt butter over medium-high heat. Add bread slices and cook about 2 minutes on each side or until golden and crisp. Serve with warm syrup or preserves. Makes 2 servings.