Cook sausage in a skillet over medium heat, stirring until it crumbles and is no longer pink; drain well.
Place bread cubes in a lightly greased 13- x 9-inch baking dish; sprinkle evenly with cheese, and top with sausage.
Whisk together eggs and next 4 ingredients; pour evenly over sausage. Cover and chill 8 hours.
Let stand at room temperature 30 minutes.
Bake at 350° for 45 minutes or until set.
*2 cups cubed cooked ham may be substituted for sausage.
NOTE: Casserole may be baked after chilling 1 hour. Omit standing time, and bake as directed.