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1
Set the dial to 325 and get the oven heating.
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2
Cut the crusts off the bread (save them for bread crumbs), and then cut the rest into 1-inch cubes, collecting about 8 cups.
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3
If the bread isnt day old, pop it into the heating oven for 5 to 10 minutes to dry it out a bit.
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4
Whisk together the milk, vanilla, sugar, cinnamon, nutmeg, eggs, and yolks in a large bowl.
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5
Stir in the raisins, coconut, and bread cubes.
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6
Soak for 30 minutes.
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7
Mix 2 tablespoons of the softened butter with the confectioners sugar and smear it over the bottom and sides of a 9 by 13-inch pan.
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8
Pour in the bread-and-egg mixture.
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9
Melt the remaining 2 tablespoons of softened butter and drizzle it over the top.
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10
Pop the pan into the oven and bake for 50 to 60 minutes, or til set in the middle and puffed and brown around the edges.
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11
Make the sauce while the pudding is baking.
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12
Combine the cream, confectioners sugar, and butter in a saucepan.
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13
Set it over medium-high heat and bring to a boil.
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14
Keep your eye on it so it doesnt boil over.
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15
Whisk constantly.
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16
Turn the heat to low and simmer for 3 minutes; then stir in the rum.
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17
Keep warm.
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18
(Makes 1 3/4 cups of sauce.)
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19
Pull the pan out of the oven when the bread pudding is done, and let it set for 10 minutes.
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20
Cut into squares and serve warm or at room temperature.
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21
Douse each serving with some warm sauce.