Cuban Bread Pudding

Cuban Bread Pudding was pinched from <a href="http://www.kraftrecipes.com/recipes/cuban-bread-pudding-90772.aspx" target="_blank">www.kraftrecipes.com.</a>
INGREDIENTS
2cups milk
4cups cubed Cuban bread (1-inch cubes)
3 eggs
1/2cup plus 2 Tbsp. sugar, divided
1/4cup raisins
1/4cup PLANTERS Slivered Almonds, toasted, chopped
1tsp. ground cinnamon
1tsp. vanilla
1/4tsp. salt
1can (8 oz.) peach slices in juice, undrained
1pkg. (8 oz.) PHILADELPHIA Cream Cheese, softened
1/4tsp. ground nutmeg
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