Bread Pudding

2 c. sugar
5 eggs, beaten
2 c. milk
2 t. vanilla
3 c. cubed Italian bread, allow to stale overnight
1/2 c. packed light brown sugar
1/2 stick margarine, softened
1 c. chopped pecans

Sauce:

1 c. sugar
1 stick margarine, melted
1 egg, beaten
2 t. vanilla

Preheat oven to 350 degrees. Spray 9x13 pan. Combine first 3 ingredients in bowl. Add vanilla. Pour over cubed bread. Let stand 10 minutes. Mix brown sugar, margarine, and pecans. Pour bread mixture in pan. Sprinkle brown sugar mixture over top. Bake 35-45 minutes until set. Remove from oven. Combine sauce ingredients in saucepan over medium heat. Pour over bread pudding. Serve warm.