In a grease 13x9 baking dish. Arrange bread in 2 overlapping rows.
combine eggs, half and half, milk, vanilla, sugar, cinnamon, nutmeg, and salt
pour over bread and cover with foil and refrigerate overnight
melt butter in pan over medium heat
add the rest of the ingredients and stir constantly until smooth
pour over bread
bake uncovered for 40 minutes at 350 degrees