3 c. white bread cubes (4 slices of bread)
3 eggs
3 c. warm water
1 (14 oz.) can Eagle Brand sweetened condensed milk (NOT EVAPORATED)
2 tbsp. butter, melted
1 tsp. vanilla extract

Preheat oven to 350 degrees. Place bread cubes in buttered 9 inch square baking pan. In large mixing bowl beat eggs; stir in remaining ingredients. Pour evenly over bread cubes, completely moistening bread. Bake 45 to 50 minutes or until knife inserted in center comes out clean. Cool. Serve warm or chilled. Refrigerate leftovers.