Baked French Toast a.k.a Bread Pudding

I am always on lookout for recipes that make cooking easier and this is one such  recipe. This is so easy to put together. It needs so little attention unlike traditional french toast for which you need to stand beside the stove taking care not to over brown or burn each toast. If you're anything like me you would love this.
Recipe Source:Allrecipes
Ingredients:
8 slices day-old bread
4 tablespoons butter, melted
1/2 cup raisins (optional)
4 eggs, beaten
2 cups milk
3/4 cup white sugar
1/4tsp ground nutmeg
1/2 teaspoon ground cinnamon
1 teaspoon vanilla extract

Method:
Preheat oven to 350 degrees F (175 degrees C).
Cut bread into small pieces and put them into an 8 inch square baking pan. Drizzle melted butter over bread. If desired, sprinkle with raisins.
In a medium mixing bowl, combine eggs, milk, sugar, cinnamon,nutmeg and vanilla. Beat until well mixed. Pour over bread, and lightly push down with a fork until bread is covered and soaking up the egg mixture.
Bake in the preheated oven for 45 minutes, or until the top springs back when lightly tapped.