Pineapple-Apple Bread Pudding with Vanilla-Nutmeg Sauce

1 (16-ounce) day-old French bread loaf, cubed
2 (12-ounce) cans evaporated milk
1 cup water
6 large eggs, lightly beaten
1 (8-ounce) can crushed pineapple, drained
1 large Red Delicious apple, grated
1 cup raisins
1 1/2 cups sugar
5 tablespoons vanilla extract
1/4 cup butter or margarine, cut up and softened
Vanilla-Nutmeg Sauce

Preheat oven to 350 for at least 20 minutes.
Combine first 3 ingredients and stir in eggs, blending well. Stir in crushed pineapple and next 4 ingredients. Stir in butter, blending well. Pour mixture into 9- x 12 1/2-inch cookware pan with lid. Place pan in center of baking sheet.
Bake, uncovered, at 350 for 45 to 55 minutes or until set and crust is golden. Remove baking sheet with pan from oven and let stand 2 minutes. Serve with Vanilla-Nutmeg Sauce.

Vanilla-Nutmeg Sauce

3 tablespoons butter or margarine
1 tablespoon all-purpose flour
1/2 cup sugar
1 cup whipping cream
1 tablespoon vanilla extract
1 teaspoon nutmeg

Melt butter in small saucepan over medium-low heat; whisk in flour, and cook, whisking constantly, 5 minutes. Stir in sugar and cream; cook, whisking constantly, 3 minutes or until thickened. Stir in vanilla and nutmeg; simmer 5 minutes.

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