Sauté apple and 1/4 tsp. cinnamon in a lightly greased skillet over medium-high heat 2 minutes or until tender. Stir together bread and apple in an 11- x 7-inch baking dish coated with cooking spray.
Whisk together eggs, milk, apple cider, brown sugar, vanilla, nutmeg, and remaining 1/4 tsp. cinnamon; pour over bread mixture in baking dish. Cover and chill 1 hour.
Preheat oven to 350°. Bake bread mixture 45 to 50 minutes or until top is crisp and golden brown. Serve warm with Toasted Pecan-Caramel Sauce.
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