Ingredients:

  Amount  Measure       Ingredient -- Preparation Method
--------  ------------  --------------------------------
  12                    caramel candy
  1                can  sweetened condensed milk -- (14 oz)
  2        tablespoons  butter
  2          teaspoons  vanilla extract
     1/4      teaspoon  salt
  2               cups  water
  3                     eggs
  8             slices  bread -- torn into 1-inch
                        -- pieces
     1/2           cup  chopped pecans

Preparation:

Preheat the oven to 350F. In a medium-sized saucepan, combine the caramels, sweetened condensed milk, butter, vanilla, and salt over a low heat, stirring occasionally, until the caramels are melted. Remove the saucepan from the heat and set aside . Place the water in a large bowl and beat the eggs into the water. Add the caramel mixture and mix well. Stir in the bread cubes and the pecans. Let stand for 5 minutes, then stir again. Pour into a greased 8-inch square baking pan and bake for 45 to 50 minutes or until a knife inserted in the center comes out clean. Serve warm. NOTE: Refrigerate leftovers...if you have any!

Nutritional Information:

457 Calories (kcal); 20g Total Fat; (38% calories from fat); 11g Protein; 60g Carbohydrate; 123mg Cholesterol; 447mg Sodium