Scald milk and butter together. Remove from heat and set aside.
Add brown sugar and cinnamon to beaten eggs.
When milk is cool enough, add egg mixture making sure that the egg mixture does not curdle. Add bread cubes and stir carefully, do not beat. Place into a well-greased 8 x 11-inch pan. Place in a preheated oven at 350° F for about 40 minutes; Test with a wooden pick for doneness.
Mix all ingredients together and bring to a boil for 3 to 4 minutes, stirring constantly. Set aside for 5 minutes.
Pour about 1/2 mixture onto warm bread pudding and place the remainder of sauce in a serving bowl for those who desire a little more. Best served warm, but good also at room temperature.
Makes: 4