Cut bread into 1 1/2 inch thick slices and place in a lightly greased 9×13 inch baking pan. In a large bowl, beat eggs with 1 1/2 cup skim milk, 1/3 cup white sugar, and 1 tablespoon vanilla. Pour egg mixture over bread slices.
Arrange apple slices on top of bread. Sprinkle cinnamon, nutmeg, and2 tablespoons white sugar over apples. Cover, and refrigerate overnight.
In the morning: Preheat oven to 350 degrees F (175 degrees C).
Bake toast in preheated oven until golden brown, about 1 hour. Meanwhile, combine 1/2 cup white sugar, flour, and margarine. Stir in brown sugar, 1/2 cup skim milk, and 2 teaspoons vanilla in a small saucepan. Cook until thick. Serve French toast hot with warm sauce.
Source: Read Full Article