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1. Preheat oven to 350 degrees F. Grease a 1 1/2-quart casserole; set aside. In a large bowl combine bread cubes and raisins.
2. In a medium bowl combine eggs, milk, melted butter, sugar, cinnamon, nutmeg, and vanilla. Stir into bread mixture. Pour into the prepared casserole.
3. Bake, uncovered, in the preheated oven for 50 to 55 minutes or until puffed and a knife inserted near the center comes out clean. Cool slightly. If desired, serve with warm Butterscotch Sauce.