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Peaches and Cream French Toast

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6 slices thick French Bread cut diagonally 3/4" thick
2 tbsp. peach preserves
3 tbsp. melted butter
confectioner's sugar 3 eggs
1 cup light cream
1/2 tsp. nutmeg
3 cups fresh peeled, sliced peaches

Arrange bread in single layer in baking pan. Combine eggs, cream, preserves and nutmeg. Beat until smooth and pour over bread. Turn slices to coat evenly. Cover and refrigerate overnight. To cook, sauté slices in melted butter until golden brown, about five minutes on each side. Top with fresh peaches and sprinkle with confectioner's sugar, Serves four.